Turbo Tax will not permit me to file electronically. The reason given, noted below, demonstrates that the Turbo Tax software is in error.
"Gov 457 deferrals - TP $37000 is more than the allowed
$18500 for a government 457(b) plan. Please check your entries on your W-2 for
government 457(b) plans."
Contrary to this error message, I was allowed to contribute $37000 using 457(b)
special “last 3-year catch-up” deferral, 2x the normal $18500 contribution.
Last year, the catch-up limit was $36000 and Turbo Tax had no issues.
This amount appears on my W-2 on line 12b, Code G, $37000.
The IRS website
clearly says the catch-up provision for 457(b) is still applicable: https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-o...
So far (and today is April 9th), Turbo Tax has maintained they are not in error and refuse to correct this problem. I am looking for my money back on the state filing charge and additional consideration for the faulty software.
