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ichu34
New Member

simple returns and 401k

Ive been using turbo tax free return for a while and i've always had my 401k listed on my w2. all of a sudden this year, it says i have to upgrade for turbo tax deluxe to accurately calculate my taxes. What is the different now compared to last year?
does the fact that i have one more w2 with a 401k have anything to do with that??

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1 Reply
dmertz
Level 15

simple returns and 401k

It's possible that, when combined. your 401(k) contributions between the two employers exceed the permissible limit and TurboTax is required to be upgraded to be able to handle the reporting of the excess contribution.

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