Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

My institution confirmed it is a legitimate contribution, described under IRC Section 402(g)(1) in IRS code.

posted

Connect with an expert

4 Replies

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Turbotax doesn't recognize this special situation. As I recall, nothing bad happens if you ignore the warning, so just ignore the warning.

@dmertz ??

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Thank you!

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Opus 17 is correct. TurboTax developers failed to program TurboTax to accommodate 403(b) special catch-up contributions, so you'll just have to ignore the warning.

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Thanks!

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Get more help

Do you have a TurboTax Online account?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Do you have an Intuit account?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Why does Turbotax call my $3,000 special 403(b) catch up provision an excess contribution, when it is valid for those >50 and with >15 years of employment?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert