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Being told I have excess contributions, but I do not.
In 2024, I contributed the max possible amount to my pre-tax 401k, which is $23,000. Turbotax is trying to tell me that I have an excess contribution of $16,000 and will have penalties. I don't understand where this is coming from. I very clearly entered $23,000 which came right from my W2.
‎February 15, 2025
10:27 PM