Hi,
Thanks for your help in advance.
I am over 50 and TurboTax is indicating that I over contributed in 2021.
My W2 has my contributions reported in box 12 as:
Code AA = 14,150
Code D = 11,700
TOTAL = 25,850
This is under the cap for 2021.
TurboTax indicates an over contribution of 4700$.
I believe the 11,700 reported under Code D is the problem.
All of the contributions were made to my 401(k) some directed to a Roth plan and some to a standard IRA.
I was under the impression that up to 26,000$, no matter what type of program, was deductible as long as contributed to the 401(k).
Is TurboTax handling this wrong?
Did my PEO classify the contributions incorrectly on my W2?
Please help so I can file.
Thanks again!
D
