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Level 2
posted Jan 25, 2025 7:50:04 AM

cpp overpayment

turbotax 2024 is showing my cpp amount as an overpayment

0 26 2205
24 Replies
Moderator
Jan 25, 2025 8:32:23 AM

Can you please specify if you are using TurboTax Desktop or Online? and which T-Slips do you have?

 

Quick suggestion, for CPP, make sure the province of employment is entered correctly (box 10).

 

 

Level 2
Jan 25, 2025 10:35:59 AM

Desktop. It seemed to have done this after the last update

Level 2
Jan 25, 2025 10:36:21 AM

T4 only

Moderator
Jan 25, 2025 10:45:48 AM

Verify the information on your T4 are entered properly and the province is also entered. If the exact amount of your CPP is reporting on line 44800, we suggest you to contact our product support team by phone. 

They have access to tools we don't have here in Community, like screenshare, and see your return. 

Feel free let us know what the result was. 

Thank you for choosing TurboTax.
 

New Member
Jan 28, 2025 11:41:30 AM

Yes, this concern is valid. Since the most recent update CPP contributions are showing up as refundable tax credits, which is totally wrong. I am using the Standard TurboTax downloaded from the TurboTax website. This did not happen prior to the most recent update.  These contributions should show up as deductions for CPP not tax credits.  When will this be corrected?

Level 2
Jan 28, 2025 12:53:33 PM

on mine it was because I did not have the pensionable earnings inputed.  after I put that in it was corrected.

New Member
Jan 28, 2025 1:22:50 PM

Wonderful this corrected mine as well. Thank you for the help.😀

Level 1
Mar 1, 2025 10:30:08 AM

when is this going to be corrected in the next Turbo program update

Moderator
Mar 1, 2025 5:50:09 PM

@gprevette Please make sure that everything is filed out on your T4 slip ex: Box 10 (province), Box 26 (pensionable earnings)…

 

 

 

Level 1
Mar 4, 2025 9:15:07 AM

I am still having this issue. Everything from my T4 is entered correctly and it's still showing the exact amount that I paid to CPP as an overpayment. I called and customer service couldn't help me

Level 2
Mar 4, 2025 1:00:46 PM

you need to input the cpp pensionable earnings from your t4, then cpp wont show as an overpayment,  I had that issue also. box 26 on T4

Level 1
Mar 4, 2025 1:23:00 PM

I already did that and it didn't fix.

Moderator
Mar 7, 2025 9:03:45 AM

@JessicaBlank03 Please try deleting the T4 and re-entering it.

Level 1
Mar 7, 2025 9:32:58 AM

Thanks! It's corrected now!

Moderator
Mar 7, 2025 9:56:25 AM

@JessicaBlank03 You're welcome! 

Yes, that issue has ben fixed. Thanks for your patience,

New Member
Mar 7, 2025 12:39:46 PM

I have entered the CPP deduction from my T4 and it is showing as an overpayment on my tax summary.  It is only showing the EI deduction.

New Member
Mar 7, 2025 12:45:33 PM

That was the problem - they didn't have an amount in box 26 - thank you

New Member
Mar 13, 2025 2:00:11 PM

I am filing my wife and my taxes jointly on turbotax.  I filled in my wife's T4 info including $3052 in CPP deductions. In the tax summary it doesn't show a CPP deduction it shows a CPP overpayment of $3052. My wife retired a couple of years ago and receives a pension but she went back to work and paid CPP. My concern is that we will owe more in tax if this overpayment is reversed and/or also that if her CPP contributions aren't valid then it will reduce her CPP when she does retire.  Why did this happen

Level 2
Mar 13, 2025 2:12:32 PM

Put in the pensionable earnings. Problem solved 

New Member
Mar 17, 2025 10:46:01 AM

I have tried all the suggestions listed here but line 44800 is still reporting a CPP overpayment. I have tried deleting and reentering the T4s, I have made sure the pensionable earnings is listed in box 24 and box 26. Is this a system glitch? Do I need to manually delete it?

Level 1
Mar 17, 2025 11:22:16 AM

Hey so I also went back to the beginning wher3 you fill in your date of birth and the system had changed my birth year to 2024. So once I fixed that, everything correctly calculated. Maybe try that?

New Member
Mar 17, 2025 12:27:30 PM

I checked the DOB and it is accurate.

New Member
Mar 17, 2025 8:38:42 PM

I'm having the same issue... I noticed that there was just an update tonight so hopefully it fixes it

Moderator
Mar 19, 2025 6:30:58 AM

@CH114 We are aware of this issue, and our development team is working for a resolution. We appreciate your patience.