turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

TurboTax shows our AGI as total income despite 401(k) contributions, with no adjustment. I verified W-2 entries, including Box 12. How can we fix this?

 
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

TurboTax shows our AGI as total income despite 401(k) contributions, with no adjustment. I verified W-2 entries, including Box 12. How can we fix this?

The 401K in W2 box 12 have already been deducted from the wages in box 1 and you can’t deduct them again.   See box 1 should be less than boxes 3 & 5.  Ask your employer.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question