turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

roth contribution too high?

W2 section DD reflects an amount of 8087.00 which is 87.00 in excess of the allowable contribution to IRA each year. My husband has a Traditional IRA with Roth under his employer and is convinced this overage is not correct.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

roth contribution too high?

Code DD in box 12 of the W-2 has nothing to do with retirement contributions.  It reports the cost of employer-sponsored health insurance.

 

Enter amounts shown in box 12 of the W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.  Nothing on a W-2 is to be entered under Deductions & Credits

 

Amounts reported in box 12 with codes D and AA show contributions to a 401(k) plan not to any kind of IRA.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question