Skip to main content
Level 1
February 7, 2023
Question

Elective retirement deferrals reported on Form W-2 in Box 12 as Code G are not creating the retirement savings credit on Form 8880. Is this a software flaw?

  • February 7, 2023
  • 3 replies
  • 16 views
No text available
This topic has been closed for replies.

3 replies

Level 4
February 7, 2023

Just asking, but is the AGI above the limit where the retirement credit is phased out?

Just-Lisa-Now-
Intuit Community Champion
February 7, 2023

I saw a similar complaint the other day.  I just tested it on a dummy return and youre right, Code G isnt flowing to the 8880 like Code D does.

@1569   someone needs to take a look at this one!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
February 7, 2023

Code G is for both elective and non-elective deferrals.

If it is an elective deferral, on the W-2 worksheet, look to the right of box 12 for the question about code G, and check the elective box.

I'm not very familiar with 457(b) plans, but interestingly if you check the "not a state or local government" box, it takes the credit away.  It seems that other ones may not qualify?