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Retirement tax questions
$19,500 and $6,500 catch-up are the limits for contributions to a qualified retirement plan like a 401(k), not the limits for IRA contributions. A qualified retirement plan like a 401(k) is not an IRA.
Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax. If you entered any of these under Deductions & Credits, go back and remove the entries of these that you made under Deductions & Credits.
March 21, 2021
5:49 AM
4,024 Views