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Get your taxes done using TurboTax
It's the lesser of 100% of your includable compensation or the $22,500. Is your includable compensation higher than $7800?
Assuming that it is are you entering the contributions through a payroll deduction on your W2 or as a retirement plan contribution. If it is not through a W2 the system may be assuming that you are contributing to a traditional IRA. You will have to go back through the entries that you have made in order to make sure that you have told it what type of retirement plan this is correctly.
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‎February 15, 2024
1:56 PM