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posted Apr 16, 2023 8:35:30 PM

Does Turbo Tax allow me to enter my retirement contribution manually?

I entered my W-2 correctly and my retirement contribution is $333 per month. Not even close to the $38,000 that Turbo Tax is saying I contributed.

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1 Replies
Level 15
Apr 17, 2023 6:05:10 AM

@speasee 

 

Edit the W-2 again anyhow.

333 x 12 = 3996   (or thereabouts if not always exactly 333)

 

double-hitting a key, or fudging the 9&0 together (30996) , or misplacing the decimal point can mess that up.

 

If it was a 401k on the W-2, check box 12 numbers.

AND if the $$ were entered in box 12 of the W-2, DO NOT enter those again as IRA contributions on the Deductions&Credits page.  401k contributions are not  IRA contributions.