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Level 4
February 28, 2025
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The taxpayer's 403(b) contributions exceed the $23,000 limit

  • February 28, 2025
  • 1 reply
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I am getting this error. I am filing a joint return. Each spouse has put in exactly $23k to their 403(b). Why am I getting this error if the amount in Box 12 c item "E - Elective deferrals to 403(b) plan" does not exceed $23k?

The taxpayer's 403(b) contributions exceed the $23,000 limit. If the taxpayer does not qualify for the 15 years of service rule, the excess amount may need to be added to wages. Excess contributions can be entered in "Excess salary deferrals" If the taxpayer does qualify for the 15 years of service rule, check the "403(b) participant qualifying for the 15 years of service rule" box in the wages screen. Refer to Form 1040 instructions and IRS Pub. 571 for more information. US - Ref #7857

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    Best answer by rbynaker

    My first thought would be to check and make sure you coded the W-2s as Taxpayer/Spouse.

    1 reply

    rbynaker
    rbynakerAnswer
    Level 13
    February 28, 2025

    My first thought would be to check and make sure you coded the W-2s as Taxpayer/Spouse.

    freshy70Author
    Level 4
    February 28, 2025

    That's exactly right. They both work at the same place so maybe that's why it didn't get marked automatically. thank you