2043892
You'll need to sign in or create an account to connect with an expert.
Your CalPERS contributions were made "pre-tax" and those contributions are not reflected in your Box 1 wages on your W-2.
Therefore, there is no need to record anything else.
I understand that CalPERS was pre-tax. 403B contributions were also pre-tax. Both CalPERS and 403B contributions were reflected in Box 1.
Box 1 shows (Box 3 - (403B+CalpPERS)) amount
Box 12 only shows 403B pre tax contributions. CalPERS contributions are NOT listed in Box 12
Where and how do I input this information in Turbo Tax? We are using TurboTax Premier. My understanding is that this will help with the Savers Credit as they use the 403B contributions towards it, but I am unable to include CalPERS because there isn't a place to include it and its NOT listed in Box 12. CalPERS is a qualified plan, correct?
CalPERS is a 457(b) plan.
Contributions to a 457(b) that are deferred compensation are reported with a code of G in box 12 on the W-2.
Contributions to a Roth 457(b) (i.e., not deferred) are reported with a code of EE in box 12 on the W-2.
Please see the W-2 Instructions (note that these are instructions to your employer on how to complete the W-2).
If your W-2 does not have the code G or code EE (whichever would be appropriate), then please show them the W-2 Instructions and ask them for a corrected W-2.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
xiaochong2dai
Level 2
tcondon21
Returning Member
march142005
New Member
rpbean
New Member
jimshane
Level 1