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.

W-2 box 12 code D is coded incomplete IAW IRS guidelines

Turbotax has no means to enter multiple code Ds in box 12 from the W-2. This happens when a person makes makeup contributions for a prior tax year IAW USERRA law (see https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-userra-and-sscra#w21, W-2 reporting). Your coders need to amend the input field for box 12 item D to allow for multiple box Ds and box D values with a 2-digit year prefix (at least in the app) to avoid a turbotax "over contribution limit" error message. Example:

As your system currently allows, my box 12 code D would total $29319.88 on my 2024 W-2, over the $23k limit (I'm 44 years old). However, $6319.88 of that value is for makeup tax years 2019-2022 because I was on military leave from my employer and I did not contribute the maximum amounts during those years on active duty. USERRA allows me up to five years to make up those contributions.

 

Please submit this to your coders for incorporation.

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.

2 Replies

W-2 box 12 code D is coded incomplete IAW IRS guidelines

Do you have 2 or more entries for code D?  Like D23?  You can just leave off the D with the year on it.  

W-2 box 12 code D is coded incomplete IAW IRS guidelines

I don’t, but I should. I hit up my 401k manager for my company and asked for a corrected W-2. It would be better if TurboTax edited their software to allow for entries IAW the W-2 box 12 as published though.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question