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Checking for 401k limits on W2
My employer was acquired so I have two W-2s this year. I want to make sure I'm not over the $23,000 limit for contributions, but I'm getting mixed information.
On my two W-2s the sum of box 12, code D is less than $23,000. Which seems great. But if I check my transactions and contributions across both 401ks it is a little bit higher than $23,000. But maybe I'm reading them wrong. I am just checking for employee contribution transactions and ignoring matching, safe harbor, etc.
If my W-2s 12D reporting doesn't break the $23,000...am I good?
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‎February 22, 2025
12:05 PM