rrelick
Returning Member

Deductions & credits

The IRS publication advises since I am over 50, I can contribute $7,000 to my Roth IRA as well as my wife.  When I enter $7,000 in TurboTax, I am told this is a mistake and I can only contribute $6,500, not $7,000.  Is Turbotax correct or is the IRS correct?  Why do I get an error message?  Thanks