TurboTax is calculating a large (just over $32K) CPP Overpayment. I've checked T4 amounts are correct and not exempt. I've also check birthdate is correct. Is there another reason it might be incorrectly calculating the CPP Overpayment?
01324
1 Replies
TurboTaxLise
Level 13
May 10, 2020 7:51:47 AM
You may have inadvertently checked that you are "Electing to Pay Additional CPP/QPP Contributions" under the "Employment Status Profile" which is located in the "Income" tab. Go check your entries, if that doesn't resolve the issue then please contact our support team for assistance as they can view your screen to determine where the discrepancy may be.