MarilynG1
Employee Tax Expert

Retirement tax questions

You should get a W-2 from either the Plan Administrator or your employer to report the Excess Contribution to your 457b in TurboTax, depending on whether your plan was governmental or non-governmental.

 

You can add the excess amount received under the 'earned income not reported on W-2 or 1099' heading.  Enter the description as "2024 Excess 457(b) Deferrals" and input the amount. You may get a W-2 (non-governmental) or 1099-R (governmental) later, reporting any earnings. 

 

Here's more info on Excess Contributions for 457b Plans.

 

@peterlkim11 

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