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Retirement tax questions
Yes, if these were made in 2022 and if the amounts reported for both is $27,021 each, then Turbo Tax should recognize an excess contribution for both. You may need to contact live tax support to troubleshoot this further.
Meanwhile, I included this IRS link to share good news that the contributions limits (including catchup contributions) will be raised to $30,000 for participants in 401K and and most 457 plans.
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‎February 2, 2023
3:34 PM