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I discovered that I needed to answer the query in TurboTax that yes, my employer is a state or local government. This apparently adjusted the limits to match governmental 457(b) plans. I no longer received the SmartCheck error on my W2 Box 12 Code G.
This was not initially obvious because my employer is a state university. I am not a governmental employee, yet my university's 457(b) is "a governmental deferred compensation plan".
I discovered that I needed to answer the query in TurboTax that yes, my employer is a state or local government. This apparently adjusted the limits to match governmental 457(b) plans. I no longer received the SmartCheck error on my W2 Box 12 Code G.
This was not initially obvious because my employer is a state university. I am not a governmental employee, yet my university's 457(b) is "a governmental deferred compensation plan".
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