Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Tammikm
New Member

cpp overpayment

turbotax 2024 is showing my cpp amount as an overpayment

7 Replies

cpp overpayment

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).

 

 

Tammikm
New Member

cpp overpayment

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

Tammikm
New Member

cpp overpayment

T4 only

cpp overpayment

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.
 

Canman221
New Member

cpp overpayment

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?

Tammikm
New Member

cpp overpayment

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

Canman221
New Member

cpp overpayment

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