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E
ericcolumbia
March 2, 2025
Solved

Error in calculating retirement contributions

  • March 2, 2025
  • 2 replies
  • 0 views

My wife's retirement contribution is calculated incorrectly.

Here to total income for 2024 was $35791 of which she contributed $3298 to a 401K and $1564 to a ROTH IRA.

However Turbotax says "all contributions from Betsy's W2" is $33798. This is clearly incorrect.

How can I fix it?

    Best answer by VolvoGirl

    Looks like it added a "3"  and changed the 2 to a 7 for  3298 and made it 33798 in W2 box 12.  Did you import the W2?  That can import wrong.  Delete the W2 and enter it again Manually.  That usually fixes it.  

    2 replies

    D
    DanaB27
    March 2, 2025

    You might need to check her W-2 entry:

     

    1. Click on "Search" on the top right and type “W-2”  
    2. Click on “Jump to W-2”
    3. Click "Edit" next to her W-2 and review her box 12 entry with code D
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    E
    ericcolumbiaAuthor
    March 4, 2025

    I tried it but it didn't work.

    I ended up deleting the import data and putting it in manually, which solved the problem.

     

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 2, 2025

    Looks like it added a "3"  and changed the 2 to a 7 for  3298 and made it 33798 in W2 box 12.  Did you import the W2?  That can import wrong.  Delete the W2 and enter it again Manually.  That usually fixes it.  

    E
    ericcolumbiaAuthor
    March 4, 2025

    Thank you so much!

    I deleted the import and input the data manually and the problem was solved.

    🙂

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