I was 63 at the end of 2023. Turbo tax is saying I went over the limit for retirement investments for 2023. I opened a ROTH IRA by transferring 5000.00 into it. My total contributions is 7500 and according to Turbox Tax I have to pay a $360 penality fee. I thought the maximum contributions was 7500 if you're over 50, What am I doing wrong?
