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Deductions & credits
Thanks for the reply. I am 70 and my birthdate on TurboTax is correct. Again, I have no idea where the $6,500 comes from which TurboTax says is the max I can contribute. Shouldn't it either be $6,000 if under 50 years old or $7,000 if over 50? The IRS website agrees with $7,000 if you are over 50. Has TurboTax updated their software? Is there an issue with total income?
March 3, 2021
6:55 PM