Can I manually input "contributions to pension"?

Forum|Forum|2 years ago
April 17, 2024
1 reply
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I am filling MFJ and trying to amend our return because we didn't upload the second W2. We have the information plugged into our separate Turbo Tax accounts, but on my spouses "contributions to pension" from the W2 shows up under Deductions. However, on mine it does not show up and the same information is entered on both accounts. Is there a way to manually input it as it is making the refund amounts different.

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VolvoGirl

Employee

Why are you entering it on both accounts? A joint return is one return combined for the both of you. Ignore the other spouse's account. Then you only enter Pension contributions from the W2 nowhere else. It does not go under Deductions. That is only for IRA contributions.

herosareangelsAuthor

We inputted it into the second account after we realized we didn’t upload the W2 just to see what the difference would be in the refund amount. It has our refund amount as $312 with the changes, but $1412 with the same information loaded in the other account.

SteamTrain

Employee

@herosareangels

We suspect, that in the account with the higher refund, that one of you may have double-entered the retirement contribution. i.e. IF retirement contributions are showing in box 12 of the W-2 form, then that is the Only place they re supposed to be entered. (or in box 14 for certain 414h plans).

You do not enter those contributions again on the Deductions&Credits page as IRA contributions. IRA contributions are entirely separate accounts some people set up for themselves. AND IRAs are not 401k, nor 403b, nor 457 accounts.

So check to see if one of you accidentally entered some IRA contribution $$ on the Deductions&Credits page (unless you truly set up a personal IRA account)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*