topic Elective deferrals error on W-2 & W-2G Summary. in Get your taxes done using TurboTax

Elective deferrals error on W-2 & W-2G Summary.

chmorl — Thu, 06 Jun 2019 08:55:12 GMT

I am getting an error on my federal tax return, for "Forms W-2 & W-2G Summary: Elective deferrals - TP $48987. its more than the allowed $24500 for a 401k plan. Please check your entries on your W2 for 401k plans."

The problem is that I do not have a 401k plan, but rather I am contributing just under $24500 to a standard 403b plan at work, which fits for my age (over 50), as well as ALSO contributing to a ROTH 457 plan at work, just under the max limit for that, at $24500. This takes me to $48987 for combined contributions for 403b and ROTH 457 plans at my place of work, which should pass.

So, I do not know why my TurboTax Deluxe (running on Mac OS Mojave) is flagging this as an error.

Is it possible that my modified AGI is throwing TurboTax off, or am I not interpreting the tax rules correctly, or something else?

You have not interpreted any tax rules incorrectly, you a...

Rachel_W — Thu, 06 Jun 2019 08:55:13 GMT

You have not interpreted any tax rules incorrectly, you are running into a Review issue in the software. TurboTax is aware of the issue that you are having and is currently working on a solution.

You can check out the recently added TurboTax FAQ below.

Be sure to sign up for updates to be alerted as soon as there is a solution.

https://ttlc.intuit.com/replies/7352034

Thank you, Rachel: Do you mind reposting that link to th...

chmorl — Thu, 06 Jun 2019 08:55:15 GMT

Thank you, Rachel: Do you mind reposting that link to the TurboTax FAQ for this issue? I would like to be able to track it, but the hyperlink is not posted in your answer.

Thanks for bringing that to my attention, fixing it now.

Rachel_W — Thu, 06 Jun 2019 08:55:17 GMT

Thanks for bringing that to my attention, fixing it now.

I am assuming that if your developers get the fix, they w...

chmorl — Thu, 06 Jun 2019 08:55:18 GMT

I am assuming that if your developers get the fix, they will bundle it in a future download update (hopefully, within the week) ?????

Yes, the fix will be included in an update, so I recommen...

Rachel_W — Thu, 06 Jun 2019 08:55:20 GMT

Yes, the fix will be included in an update, so I recommend that you check daily for updates.

topic Elective deferrals error on W-2 &amp; W-2G Summary. in Get your taxes done using TurboTax

Elective deferrals error on W-2 & W-2G Summary.

You have not interpreted any tax rules incorrectly, you a...

Thank you, Rachel: Do you mind reposting that link to th...

Thanks for bringing that to my attention, fixing it now.

I am assuming that if your developers get the fix, they w...

Yes, the fix will be included in an update, so I recommen...

topic Elective deferrals error on W-2 & W-2G Summary. in Get your taxes done using TurboTax