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Level 2
February 3, 2024
Solved

457 Catch Up

  • February 3, 2024
  • 2 replies
  • 17 views

Hi there. I am a government employee that contributes to a 457B plan. I cannot find in Turbo Tax how to utilize the catch up function as I have contributed more than what is allowed and am entitled to the catch up credit. Appreciate any help! Thank you!

    Best answer by dmertz

    Your catch-up contribution should be present in the amount reported with code G or code EE in box 12 of your W-2.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

    2 replies

    dmertzAnswer
    Level 15
    February 3, 2024

    Your catch-up contribution should be present in the amount reported with code G or code EE in box 12 of your W-2.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

    Level 2
    February 3, 2024

    Thank you!