What does it mean when it says did you make a cont...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 1

What does it mean when it says did you make a contribution from retirement plan I checked yes when I meant no how do I fix that

 
4 Replies
Employee Tax Expert

What does it mean when it says did you make a contribution from retirement plan I checked yes when I meant no how do I fix that

If you said YES at the screen that said Did you contribute to a qualified retirement plan? and then hit Continue in the lower right hand corner of the screen, TurboTax will bring up the Retirement Savings Contribution Credit under Your tax breaks.

 

On that screen, you do not have to click on Start to the right.  You may continue on to the next tax break. 

 

Or, if you are finished with Your tax breaks on this page, click on Wrap up tax breaks in the lower right hand corner of the screen.

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 1

What does it mean when it says did you make a contribution from retirement plan I checked yes when I meant no how do I fix that

So does that mean that I have a certain percentage taken out of paycheck? Thats why I checked yes because that's what I thought it meant

Level 1

What does it mean when it says did you make a contribution from retirement plan I checked yes when I meant no how do I fix that

i was wondering the same thing. on my w2 number 12 has a code and a amount. I clicked yes also so i hope its right

Employee Tax Expert

What does it mean when it says did you make a contribution from retirement plan I checked yes when I meant no how do I fix that

The software knows that box 12 indicates that money was contributed to a retirement account. Please do not enter that amount twice. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings