MindyB
Expert Alumni

Retirement tax questions

It sounds like you are accidentally entering your 401(k) contributions in the interview where it asks for IRA contributions. ‌IRA contributions had a limit of $8,000 for those 50 and over in 2024. This is the difference you are seeing ($22,004-$8,000=$14,004).  You should only report IRA contributions in the IRA section.  401(k) contributions are entered via your W-2 entry.