I'm entering my traditional IRA retirement contributions for myself and my wife (Married filing jointly). We are each allowed to contribute up to $8,000 each as both of us are above 50 years old. Yet when I enter the $8000 amount for each of us TurboTax says my wife has an excess contribution and must withdraw the excess or face a penalty. What gives? This does not make sense. We have enough income to qualify.
