My wife's government employer offers both 401k and 457b plans. In 2022, she contributed a total of $30,000 to those 2 plans. After entering W-2 info in Turbotax, application is now calling this out as exceeding the "maximum that most people under age 50 can contribute to all salary deferral retirement plans for 2022 ($20,500)". Is that correct?? My understanding was that if the employer offered both plans, then she could contribute to both and essentially double her contribution for the year. If I cannot correct this in Turbotax, does this impact the amount of tax owed/due?
