Not covered by a retirement plan

Forum|Forum|2 years ago
February 12, 2024
3 replies
0 views

Downloaded my W2, checked box 13, it is not checked. Got to the part of the return where I enter my IRA contribution, it says it’s not deductible because I am covered by my employers retirement plan, which I am not. In entering my IRA contribution there were no options that I saw to say I wasn’t covered by a retirement plan.

TurboTax Home & Biz Windows

Best answer by dmertz

If you can unmark the checkbox directly on the IRA Information Worksheet without doing an override, that won't cause any problems. It just means that you answered incorrectly at some point when TurboTax asked if you were covered by a workplace retirement plan.

If TurboTax won't let you unmark that checkbox without doing an override, it means that TurboTax is inferring that you are covered by a workplace retirement plan based on box 13 of your W-2, box 13 of your spouse's W-2, or you made a contribution to a self-employed retirement plan.

MinhT1

If box 13 - Retirement plan on your form W-2 isn't checked, then you aren't covered by a retirement plan at work.

Revisit your form W-2 and make sure that box 13 - Retirement is unchecked. If this still doesn't work, then delete your form W-2 and re-enter it manually, leaving box 13 unchecked.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

kashblack1953Author

The IRA contribution worksheet shows me as being covered by a retirement plan, however box 13 of my W2 has nothing checked. Where did TurboTax get this information? Can I edit the IRA contribution worksheet and still pass the error check?

dmertz

Employee

Do you have a spouse who is covered by a workplace retirement plan? If so, that and a high enough MAGI could still make you ineligible for the deduction. If filing jointly, also make sure that you have assigned to the correct spouse any Forms W-2 that you have entered.

Since you appear to be using the CD/download version of TurboTax, you can also open the IRA Contributions Worksheet and see if either of the boxes on line 10 are marked.

kashblack1953Author

It shows me as being covered by a retirement plan, however box 13 of my W2 has nothing checked. Where did TurboTax get this information? Can I edit the IRA contribution worksheet and still pass the error check?