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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
March 3, 2021
1:28 PM