KB57
New Member

Roth Contribution limits for 2019

It appears that the Turbo Tax program is not computing excess contributions based on our understanding of the Modified Adjusted Gross Income for a Married Filing Jointly Tax return for 2019.  We expected it to compute an excess contribution for my spouse and myself,  both Age 62, if we contribute $7,000 a piece into our Roth IRA accounts.  Our MAGI appears to be in excess of $193,000 but less than $203,000.  Shouldn't Turbo Tax tell us what the excess contribution is?