It sounds like your W-2 has Box T coded in box 12 for Employer-provided adoption benefits. Your employer may have used the wrong code and it will need to be corrected to ensure the income is reported accurately.
You will need to reach out to your employer to correct your W-2 information. Typically, these amounts are not taxable but you also want to ensure the amount you report on your tax return matches the W-2 as filed with the IRS. Any discrepancies could delay processing your return.
I would recommend extending your return at this point and requesting a corrected W-2 Form for your employer to ensure your tax return is not pulled aside as the amounts reported would not match what was reported on your W-2 form.
If you go this route, you can file an extension within the program itself.
- Log back into your TurboTax account and go to the federal section
- Select Other Tax Situations at the top of the screen
- Scroll down to Other Tax Forms
- Select File an Extension
- Proceed to answer the questions and follow the prompts to file your extension and make your tax payments
Extension requests in downloaded software
Extension requests using the online software
Your other option is to file the return and leave off Code T and the amount from your input in TurboTax. But be aware, this could delay processing your return if the IRS flags the discrepancies.
@BillC99
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
