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gsjpchen
New Member

Contributions to 2 retirement plans (401k & 457b)

My wife's school employer offers both 401k and 457b plans (we chose 1 Roth and 1 regular). In 2024, she contributed the max of $46,000 to those 2 plans ($23K each). After entering W-2 info in Turbotax, application is now calling this out as exceeding the maximum ($23K)". I saw another thread with the exact same bug on 2022. But the instructions don't match my Turbotax Desktop on Mac.
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2 Replies
gsjpchen
New Member

Contributions to 2 retirement plans (401k & 457b)

Here's the link to the other thread:

https://ttlc.intuit.com/community/retirement/discussion/maximum-contributions-to-2-retirement-plans-...

Looks like the similar bug popped up in 2024 version.  I'm sure I can contribute the max in both 401K and 457(b).    Our single W2 has $23K in box 12 (D - for 401k) and (EE - for Roth 457).

DanaB27
Expert Alumni

Contributions to 2 retirement plans (401k & 457b)

Yes, she can contribute $23,000 to each the 401k and 457b (IRS).

 

If you verified that she didn't make an excess contribution you can ignore the warning. 

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