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ExecCoach
June 28, 2020
Question

W-2 should NOT have Box 13 checked. How do I fix this?

  • June 28, 2020
  • 2 replies
  • 0 views

I handle my own books and am the only employee. My W-2 has Box 13 checked for "Covered by retirement plan" Now, TurboTax won't let me make my full IRA contribution.

 

How do I fix this?

 

I see nothing in my records that would cause this, so I don't know what to change.

2 replies

DivinaMercy_N
DivinaMercy_N
June 28, 2020

Thank you for posting here in the Community, @ExecCoach.

 

Several retirement plan deductions/contributions are supported by QuickBooks Online Payroll. Each of these plans can be set up with a provision to allow higher deductions for qualifying older employees. To know more, you can refer to this article:  Retirement plan deductions/contributions. This also contains the steps on how to set up, assign, and remove them.

 

Also, for assistance in entering your IRA contribution using TurboTax. I suggest reaching out to the TurboTax support team they will walk you through the process in making your full IRA contribution.

 

Additionally, to avoid penalties due to late payments.You may check out this article link to create payroll tax payments to settle taxes due: Make payroll tax payments.

 

I'll be here if you have any other concerns or questions about payroll tax forms in QBO. You can tag my name below.

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ExecCoachAuthor
June 28, 2020

I do not want to know how to set it up. I need to convince QB that no such plan has ever been in place and to correct my W-2.

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Mark_R
June 28, 2020

Thanks for getting back to us, @ExecCoach.

 

Let me provide some details about how QuickBooks manage W-2 form information.

 

QuickBooks Online automatically check the Retirement plan checkbox if you or your employee's paycheck contained payroll items with any of these following tax tracking types:

 

  • 401(k) 
  • Roth 401(k)
  • 403(b)
  • Roth 403(b)
  • 408(k)(6) SEP
  • 501(c)(18)(D)
  • SIMPLE Retirement

Also, QuickBooks will put a checkmark in it if you're covered by a qualified pension plan box checked on the employee record.

 

To learn more about W-2 form boxes, feel free to check out this article for more details: W2 form boxes explained.

 

Please know you can continue to reach me here with any additional questions. Thanks for coming to the Community, wishing you continued success.

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skodonnell
January 1, 2021

For intuit online payroll - If you haven't submitted your w2 yet - Go to taxes and forms - forms - Employer copy of w2 - and you will see a line "need to update your box 13 selections" Click here and you can uncheck the box - hope this helps

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