ruskinq2
Returning Member

Retirement tax questions

thx for help...using the 401 worksheet calculator in the program, I entered a combo of 401K pre-tax and 401K Roth up to what the calculator said the net earnings were (which btw deducted the K-1loss) Traditional IRA's are maxed at 7K each. Is it correct that the catchup contributions are in addition to the earned income limit?