Question

I unintentionally over contributed to my employee 403b by 49$. How do I report this on my taxes?

Forum|Forum|4 years ago
February 22, 2022
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TurboTax Premier Online

If you have an entry in box 12 on your W-2 form reporting the contributions to your 403(b) plan, the overpayment may be reflected in your W-2 entry and if so will appear on your form 1040 line 1 as wage income. If not, then you can enter the overpayment in TurboTax as follows:

Go to the Wages and Income section of TurboTax

- Choose Less Common Income

- Choose Miscellaneous Income, 1099-A, 1099-C

- Choose Other reportable income and enter a description and amount for the additional income

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