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Get your taxes done using TurboTax
I understand that the penalty exists for over-contributing to a Roth IRA. However, the maximum contribution that I've made to the Roth IRA is $2400 in a single year (starting 2016). So, I never exceeded the yearly contribution limit. Yet, turbotax year after year says I have exceeded the contribution limit...which results in a penalty from the IRS. I am unsure what to try to delete this error, but I appreciate any help you might be able to provide.
‎April 1, 2023
6:56 AM