There are income limits tied to Roth IRA contributions. If your income is too high to allow you to make the maximum contribution to your Roth IRA, then you will be penalized with a 6% excise tax for the amount that was over-contributed and not removed from the account by the due date of your return.
If you fall in this situation, TurboTax will alert you on the screen in the section where you enter your Roth IRA contribution and give you instructions about what to do to avoid the excise tax.
Take a look at the following information from the IRS to learn more about the income limits imposed on Roth IRA contributions:
Amount of Roth IRA contributions you can make for 2020
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