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samsomers
New Member

Error: "W2 Summary Gov457 deferrals - $37000 is more than allowed $24000 for a gov 457(b) plan" This is allowed for over 50 catchup retiring. Not fixed on Apr 5 release

I am at retiring age and retired in 2018.  At retirement my County Gov 457 plan provided $37K from unpaid unused sick leave.  This is allowed per IRS.  Turbotax flags this as error.  It will not let me file electronically and warns me when I print the forms for mailing.  I have the April 5 Turbotax update but this does not fix the problem.  

2 Replies
samsomers
New Member

Error: "W2 Summary Gov457 deferrals - $37000 is more than allowed $24000 for a gov 457(b) plan" This is allowed for over 50 catchup retiring. Not fixed on Apr 5 release

The April 5 Update for Mac did not fix the issue.  May we expect a fix by the end of this week? (Apr. 13)
CherylW
Level 3

Error: "W2 Summary Gov457 deferrals - $37000 is more than allowed $24000 for a gov 457(b) plan" This is allowed for over 50 catchup retiring. Not fixed on Apr 5 release

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