tomf60
New Member

I Get error in turbotax 2018 because 401k contribution is higher then maximum allowed. I can not submit electronically unless I adjust W2 to take out excess contribution

 
Rachel_W
Expert Alumni

Retirement tax questions

You should not change your W2 because the IRS needs to match it up with your original.

TurboTax is aware of the e-filing issue that you are having and is currently working on a solution. An update to fix the issue is expected to be released around 4/5/2019.  

Be sure to sign up for updates to be alerted as soon as there is a solution.  If you do not want to wait for an update, you have the option to paper file your tax returns as this is only an e-filing issue.

You can check out this TurboTax FAQ for more information: Excess 401(k) Contribution Preventing E-filing.

pdesaitax
New Member

Retirement tax questions

I have been using turbotax for years. I hope it will be fixed soon. I would hate to switch to a different software. I am even willing to file for an extension if there is reasonable assurance that it will be fixed.
pdesaitax
New Member

Retirement tax questions

To add to my previous comment, this is a bug in 2018 turbotax. I was in similar situation in 2017 but didn't have this issue. 403b excess contribution and 1099-R to correct it worked fine.