@tovaface wrote:
@philiproots TurboTax should have told you how much of an IRA contribution you are allowed to make. I have a similar issue.
I was able to connect with a live support person today without too much of a wait. That was the best part of the call. I thought I had a fairly straight forward question - in previous years TT told me how much I could contribute to IRAs based on our income. This year it didn't; only stated what the maximum limits are. The support person on the phone said I'd have to speak to a CPA. I had to ask her for the Support ID # before she transferred me.
When I was connected to the CPA, the CPA said she didn't get a case number or any information about my account. Worse, she didn't have a clue how to answer my question. She said she thinks the contribution limit is based on the modified Adjusted Gross Income from 1040 line 11. She suggested I use the IRA contribution worksheet and figure it out for myself. This is not the kind of support I expect from a TT CPA. @macuser_22
The "Other Tax Situations", IRA Calculator Tool, will tell you how much you can contribute, however there is currently a bug if you are older then 70 1/2.
The IRA contribution interview will tell you if your contribution is too much at the end of the interview, then you can remove or change it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
