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lisapaton120
Returning Member

401k contribution limit wrong in turbotax home and business 2023

 
dmertz
Level 15

401k contribution limit wrong in turbotax home and business 2023

There is no such bug.  You are confusing a 401(k) with an IRA.  A 401(k) is not an IRA.  Nothing about your 401(k) contributions is to be entered under Deductions & Credits.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

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