Error form 1040 line 12b-elective deferrals to qualified plans. TurboTax is not allowing "Catch-ups for employees with 15-years of service" limit of additional $3000.

Forum|Forum|7 years ago
June 3, 2019
7 replies
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Unable to file return. TT says limit is $24500 but my company is qualified to allow "Catch-ups for employees with 15-years of service" limit with additional $3000 which would make the total $27500. Box 12b from my W2 states $27500. How to express on TT form. TT gives error message in final review.

TurboTax Premier Windows

DoninGA

Level 15

What is the code entered of the Line 12 amount?

jefftreichelAuthor

Level 2

DoninGA

Level 15

@dmertz or @macuser_22 - Could use your expertise on this issue.

macuser_22

Alumni - Champ

This seems to be a new check on a recent update since I have not seen the issue before a few days ago.
I have a lounge thread about it but no Moderator has responded,
There is this TurboTax FAQ.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4698409-excess-401-k-contribution-preventing-e-file?jump_to=answer_7327357">https://ttlc.intuit.com/questions/4698409-excess-401-k-contribution-preventing-e-file?jump_to=answer_7327357</a>

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

jefftreichelAuthor

Level 2

I've read the FAQ and it not address the issue since I do not expect to remove the extra $3000. TT needs to allow those that are qualified to have the $3000 "15 year service catch up" in the amount in 12b box - especially since this is allowed via the employer.

macuser_22

Alumni - Champ

The issue in the FAQ is that you cannot e-file with that error reguardless of the reason - it simply will not let you.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

dmertz

Level 15

This problem has been reported. At present, the only workaround is to file by mail.