kevrip
New Member

Why is my military pension being used on roth ira max contributions for Married Joint, with W-2 totals of $163K but TurboTax with military puts me over the $199K max?

TurboTax Premier is stating I have exceeded the max income limits for contributing to my Roth IRAs.  Our Married Joint W-2 income is $163K, but with my military pension, it is over the $189-199K max.  I am being told by TurboTax that I have excess Roth IRA contributions and will be paying the 6% penalty for the $4200 (each) we contributed this year.