topic Re: CPP Overpayment on T4 in Credits and deductions

CPP Overpayment on T4

JoeB11 — Sat, 13 Apr 2024 13:24:58 GMT

One of the warnings at review is that I overpaid my CCP benefits on the T4, is there a way to correct and claim the overpayment as a tax credit?

Re: CPP Overpayment on T4

TurboTaxBrenda — Sat, 13 Apr 2024 17:18:08 GMT

As per the CRA: If you were not a resident of Quebec on December 31, 2023, and you contributed more to the Canada Pension Plan (CPP) than you had to (see line 30800), claim the overpayment on line 44800 of your return. The CRA will refund the excess contributions to you or use them to reduce your balance owing.

When in your return under refund or amount owing top left - you will see a drop-down arrow- click on it and click on View detailed tax summary, you should see your overpayment CCP amount on line 44800.

Re: CPP Overpayment on T4

MarioMcG88 — Tue, 31 Dec 2024 15:10:39 GMT

I think my issue is the opposite... I contributed the max amount for cpp and cpp2 for 2024. I entered those amounts in box 16 & 16A. Line 30800 is showing 0$ and Line 44800 is showing 4055.50 which is the combined totals for 16 & 16A. This doesn't seem right.

Re: CPP Overpayment on T4

TurboTaxAniqua — Tue, 31 Dec 2024 21:02:18 GMT

Are you using a TurboTax Desktop or an Online version?

Thanks for choosing TurboTax.

Re: CPP Overpayment on T4

MarioMcG88 — Tue, 31 Dec 2024 21:21:01 GMT

I'm using the online version.

Re: CPP Overpayment on T4

TurboTaxAniqua — Tue, 31 Dec 2024 21:59:16 GMT

We suggest to check this link from CRA for CPP2 to enter the correct information in TurboTax Online while reporting CPP2 to make sure that is added correctly.

Re: CPP Overpayment on T4

MarioMcG88 — Wed, 01 Jan 2025 00:49:14 GMT

Thanks for the additional information.

It seems pretty straightforward, I reached the first ceiling (Max contribution $3867.50) and entered the amount in box 16. i reached the second ceiling (Max contribution $188) and entered that amount in box 16A. In Box 26, i entered the max pensionable earnings for 2024 ($68500). I even tried entering the additional maximum earnings amount ($73200) but that didn't change anything.

I don't understand why i entered the amounts in the T4 section but they don't appear on line 30800 and then they appear as an over payment at line 44800 therefore affecting the bottom line with a refund. My filing is pretty simple, i literally entered the amounts from my T4 and nothing else.

Re: CPP Overpayment on T4

Anonymous — Thu, 02 Jan 2025 23:31:36 GMT

@MarioMcG88 Our teams are working to resolve this issue but to help them collect all the information they need, we need our customers to contact product support to report it.

At this time, some CRA forms are still being reviewed by them for the 2024 tax season, which could explain why some calculations are not done correctly or do not appear. As soon as they are ready, TurboTax will be updated.

Thank you fir choosing TurboTax.

Re: CPP Overpayment on T4

derricpam888 — Fri, 04 Apr 2025 18:58:48 GMT

I had used turbotax for filing again for 2024 year, For boxes 16 & 16a from t4 the amounts were added together & placed in form. This shows up as an overpayment & hence would receive.

I received assessment from CRA which disallowed this. Is this a problem with intuit program?

Re: CPP Overpayment on T4

drewsj2 — Sat, 05 Apr 2025 20:21:12 GMT

derricpam888
I am receiving the same issue - My full CPP amount is showing as an over payment which cannot be right.

Re: CPP Overpayment on T4

derricpam888 — Sat, 05 Apr 2025 22:36:57 GMT

Definitely a problem with turbotax program. I spoke with CRA agent & was very helpful in providing explanation of forms, etc.

Re: CPP Overpayment on T4

TurboTaxAniqua — Mon, 07 Apr 2025 21:52:54 GMT

@drewsj2 Make sure information on the T4 slip is properly entered. We also suggest do it in form mode directly, compare the amount in box 16 and line 44800, and then check schedule 8 to get a look at the calculation

Please refer to these links for more information: CPP contribution rates, maximums and exemptions

Contributions to the Québec Pension Plan

Re: CPP Overpayment on T4

mamoon — Tue, 15 Apr 2025 04:41:16 GMT

I'm having this same issue.

My CPP payment was 3,867.80 (so a $0.30) overpayment

and CPP2 $188

Yet, on line 44800 TurboTax is saying I have an overpayment of $4056.00 (rounded).

Re: CPP Overpayment on T4

Anonymous — Sat, 19 Apr 2025 19:35:13 GMT

@mamoon On your T4 slip, you entered CPP contributions in boxes 16 or 16A, but you should have an amount of pensionable earnings in box 26. This box is required.

If box 26 on your T4 has zero ($0) in it, you don't have to do any changes, just enter zero ($0) as required. If box 26 is blank, enter the amount from your box 14 (up to a max of $73,200).

Thank you for choosing TurboTax.