This is in the help box, but it looks like the system was applying the earned income part of the limitation to me, not the age cutoff.
Excess Contributions
You won't get a deduction for your excess contribution.
You have an excess contribution to your IRA if you (or your spouse):
- Contributed more than 6,000 (7,000 if age 50 or older). This is the limit for traditional IRA contributions.
- Are age 70 ½ or older. You are not allowed to contribute to a traditional IRA.
