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Deductions & credits
With a Roth 401(k), your annual contribution limit should be $19,500, or $26,000 if you are age 50 or over. Turbotax is telling you something different? This might be a bug. Or, are you telling Turbotax you made Roth IRA contributions in addition to the Roth 401(k) that gets automatically pulled in from the W-2. If so, take that back out. A Roth 401(k) is completely different kind of account than a Roth IRA, and it sounds like you did not contribute to a Roth IRA.
@dmertz do you have any comments?
‎February 19, 2020
11:12 AM