I'm dealing with this exact same situation right now! Just saw codes 570 and 971 pop up on my transcript yesterday with matching dates. Been reading through everyone's experiences here and it's honestly such a relief to know I'm not alone - was starting to panic thinking something was seriously wrong with my return. @Ava Hernandez your ID.me verification story is really encouraging, and @Zoey Bianchi that one week turnaround after responding gives me so much hope! Guess it's time to start religiously checking the mailbox and being patient. Thanks everyone for sharing your experiences - this community is a lifesaver! 🙏

Going through the exact same thing! Got my 570 and 971 codes on 02/01 and have been checking my mailbox obsessively ever since. This thread is honestly such a godsend - I was convinced something major was wrong with my return but reading everyone's experiences shows this is way more common than I thought. @Ava Hernandez your ID.me timeline is super helpful and @Grace Johnson you're right that it's usually not as scary as it seems at first. Really hoping I get that notice soon so I can respond quickly and get this moving. The waiting game is brutal but at least we're all going through it together! 😅

I feel your pain on this! $109/month is brutal on a $15/hour wage. While the direct tax deduction isn't available anymore as others mentioned, definitely push your HR department hard on the pre-tax parking benefit. Many hospitals have this but don't advertise it well to employees. Also, if your hospital is part of a larger health system, they might have employee assistance programs that offer parking subsidies for lower-wage workers. I've seen some hospitals offer sliding scale parking fees based on income level. It's worth asking specifically about hardship parking assistance programs - the worst they can say is no, but you might be surprised what's available that they don't publicize widely. Another angle: if you're in a union or there's talk of unionizing, parking costs are often a major bargaining issue that gets addressed in contracts.

I'm dealing with a very similar situation at my workplace! One thing that helped me was documenting everything about the parking arrangement - the contract terms, monthly fees, and whether it's mandatory for employment. I took this documentation to a tax professional who helped me understand that while I couldn't deduct the parking directly, there were other work-related strategies that could help offset the cost. Also, don't give up on the pre-tax benefit angle. Even if HR initially says they don't offer it, you can ask them to look into implementing a Section 132 qualified transportation fringe benefit program. The IRS allows employers to provide up to $280/month in pre-tax parking benefits (for 2024), and many employers are willing to set this up once they understand it doesn't cost them anything extra - it actually saves them payroll taxes too. If you're part of any professional associations related to healthcare workers, they sometimes have resources or advocacy tools for dealing with workplace parking costs. It's become such a common issue that some organizations are pushing for policy changes.

I had almost the exact same situation happen to me two years ago - all my 401k contribution amounts were correct in the various Box 12 codes, but Box 13 was left unchecked. I ended up contacting my employer's payroll department, and they told me it was a "system glitch" that affected about 200 employees that year. They issued corrected W-2s pretty quickly once they realized the scope of the problem. The corrected W-2 arrived about 10 days later with Box 13 properly checked. While it probably wouldn't have caused major issues to file with the incorrect version (since all the actual contribution amounts were right), I felt much better having the proper documentation. I'd definitely recommend reaching out to your payroll department - they might already be aware of the issue and working on corrections for multiple employees. In my experience, this type of error is often systematic rather than isolated to just one person's W-2.

This is definitely a mistake that needs to be corrected. Box 13 should be checked whenever you participate in an employer-sponsored retirement plan like a 401(k), regardless of whether you make traditional or Roth contributions. The checkbox indicates to the IRS that you're an "active participant" in a qualified plan, which affects your eligibility for deductible traditional IRA contributions if your income exceeds certain thresholds. While your actual 401(k) contribution amounts are correctly reported in Box 12 (which is what matters most for tax calculations), the missing Box 13 checkbox could potentially create confusion if you're also making IRA contributions. The IRS uses this information to determine whether your IRA deductions should be limited or phased out based on your income level. I'd recommend contacting your payroll department to request a corrected W-2. This is a fairly straightforward fix for them, and having accurate documentation will prevent any potential issues down the road. Most payroll systems should automatically check Box 13 when there are retirement plan contributions, so this was likely an oversight during year-end processing.

I've been a CPA for 15 years and your situation is exactly the type where professional help really pays off. With two unincorporated businesses, multiple income sources, and a home purchase planned, you need someone who can both handle the complexity and provide strategic guidance. A few specific points for your situation: 1. Those 275 Etsy receipts - a good CPA will help you maximize legitimate business deductions you might miss. Think home office expenses, business use of vehicle, equipment depreciation, etc. 2. The unemployment benefits combined with self-employment income requires careful handling to avoid estimated tax penalties next year. 3. For your home purchase - having professionally prepared returns with proper documentation of your self-employment income is crucial. Lenders are very strict about this documentation. 4. Consider quarterly estimated payments going forward. With growing Etsy income, you don't want to get hit with underpayment penalties. Cost will likely be $600-900 for your complexity level, but a competent CPA should easily find that much in additional deductions and proper planning. Start calling local CPAs immediately - many are already at capacity for this season. Ask specifically about their experience with self-employed clients and home buyers. Don't just focus on this year's return - find someone who can help with ongoing tax planning as your businesses grow.

I went through a very similar situation about 3 years ago - multiple income streams, self-employment, and was in the middle of buying my first home. I can tell you from experience that going with a CPA was absolutely the right decision for me. The biggest game-changer wasn't just getting my current taxes done right - it was the strategic planning advice. My CPA helped me understand how to structure my business expenses better, set up quarterly estimated payments (which saved me from penalties the following year), and most importantly, organized my tax documents in a way that made my mortgage underwriter's job much easier. For your specific situation with 275 Etsy receipts, a CPA will likely find business deductions you didn't even know existed. Things like a percentage of your internet bill, cell phone costs, storage for inventory, even mileage to the post office - these add up quickly when you're running two businesses. The cost difference is real - I paid about $650 for my CPA vs what would have been maybe $300 at H&R Block - but the CPA found an additional $1,200 in deductions I would have missed. Plus, having professionally prepared returns gave me confidence during the mortgage process when they requested documentation of my self-employment income. Start calling CPAs TODAY though - this is their busy season and the good ones book up fast. Ask specifically about their experience with self-employed clients and home buyers. Trust me, it's worth every penny for peace of mind during such a big financial year for you!

I messed up my taxes because of the exact same issue last year. TaxSlayer actually has a decent workflow for this, but it's super hidden. You need to: 1) Go to Federal > Deductions > Adjustments 2) Look for "Did you make excess contributions to your retirement account?" 3) Select Yes and follow their steps What's annoying is they don't explicitly mention Line 1H anywhere in their interface but when you complete it, it does properly show up there on the final Form 1040.

I've been dealing with excess 401k contributions for the past two years due to job changes, and I wanted to share what I've learned through trial and error. First, it's important to understand that Line 1H is specifically for reporting excess contributions that you've already had corrected (meaning you've received the excess back from your plan administrator). If you haven't corrected the excess yet, you'll need to contact your plan administrator first to request a return of the excess contributions plus any earnings. For software that properly handles this, I've had success with FreeTaxUSA and TaxAct. Both have dedicated sections for excess retirement contributions. In FreeTaxUSA, look under "Income" > "Less Common Income" > "Other Income" and there's a specific option for "Excess retirement plan contributions returned to you." One thing that caught me off guard was that you might also need to file Form 5329 if you had the excess contributions in your account at the end of the tax year, which triggers the 6% penalty. Most software will automatically generate this form when you report excess contributions. My advice is to call your 401k plan administrator first to understand exactly what they did with your excess contributions, then choose software based on your specific situation. Don't assume all "excess contribution" features are the same - some only handle IRA excess, not 401k excess.