Can you tell me where in TT do I indicate I was eligible for retirement plan additional catchup contribution because of my 15+ years with my employer?
031246
3 Replies
JohnB5677
Expert Alumni
Mar 11, 2024 9:42:02 AM
This should show up on your W-2 as a reduction in Taxable income and a contribution to you 403(b).
I'm not aware of any addition entries that you would have to make.
Are you getting any error message?
karileighwoods-g
Level 1
Mar 13, 2024 12:08:22 PM
Yes, the software indicates I need to Fix my information because I have exceeded the $30K limit. My hr retirement coordinator indicates because I am over a certain age and have more than 15 years service with my employer I am allowed an additional $3K catch up (for a limit of $33K). Do I just file my taxes and wait for IRS to question it? Seems like Turbo Tax should allow me to enter information that would prevent a later IRS inquiry.