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mikefahie
New Member

Why does turbotax think i have a retirement plan

Turbotax is only letting me deduct a portion of my IRA contribution because it thinks I have a retirement plan. I do not. How do I turn this off?
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Accepted Solutions

Why does turbotax think i have a retirement plan

Covered by a retirement plan at work is usually indicated by box 13 on your W-2.

Make sure the W-2 (s) were entered for the correct spouse.
  Make sure that the IRA contribution is for the correct spouse.

Check your W-2 box 12 also.

TurboTax makes that determination if any of the following are true:

1) Box 13 (retirement plan) on your (or spouses) W-2 is checked,
2) Box 12 on your (or spouses) W-2 contains codes D, E, F, S,or AA.
3) You answered “yes” to the “Are you covered by a Retirement Plan at work” in the interview.
4) You have a self-employed retirement plan.


**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.**

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3 Replies

Why does turbotax think i have a retirement plan

Covered by a retirement plan at work is usually indicated by box 13 on your W-2.

Make sure the W-2 (s) were entered for the correct spouse.
  Make sure that the IRA contribution is for the correct spouse.

Check your W-2 box 12 also.

TurboTax makes that determination if any of the following are true:

1) Box 13 (retirement plan) on your (or spouses) W-2 is checked,
2) Box 12 on your (or spouses) W-2 contains codes D, E, F, S,or AA.
3) You answered “yes” to the “Are you covered by a Retirement Plan at work” in the interview.
4) You have a self-employed retirement plan.


**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.**
steven987
New Member

Why does turbotax think i have a retirement plan

I am running into a similar issue with TurboTax 2020.  One of my W-2's does have the box13 checked, but I no longer work for the company.  My other W-2 does not have the box 13 checked, and I don't have a retirement plan.  How do I inform TurboTax of this?

Why does turbotax think i have a retirement plan

Sorry if box 13 is checked even if you worked there 1 Day it counts as having a retirement plan.

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