livid99
New Member

Retirement tax questions

Turbotax has a bug in calculation.  In theory, the tax return number should remain the same when you add the over contributed part as income comparing with the case that you didn't over contribute to 401k (just try to modify the Box 12D number in w2 form so the total contribution becomes exactly the 401k cap of 2018).  However, turbotax gives a much lower tax return if you add the over contributed part as income.