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Get your taxes done using TurboTax
Turbo Tax has an error in the program. In 2020, you were allowed $3550 (Plus $1000 catch-up possible) so if you maxed out your contribution at $3550, you will get a message that you either withdraw $50 or you will pay tax on it. I assume Turbotax will fix this error in an update.
Also, the limit for 2021 was announced an it is $3600 (Plus $1000 catch-up possible).
‎November 23, 2020
9:38 AM