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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 12 1155
12 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.😀

New Member
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)…

 

 

 

New Member
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

New Member
Mar 4, 2025 1:23:00 PM

I already did that and it didn't fix.