Rhineg
New Member

ROTH Contribution Limits Error 2023

As of Feb 5th, at least TurboTax Deluxe has an error in handling ROTH Contributions and is evaluating the contribution against earned income when it should be compared to modified AGI, since Roth contributions are using after tax money. Then TurboTax Deluxe sends you to a penalty page which is incorrect unless your contribution exceeds the MAGI limits NOT earned income limits.