CAMC4
New Member

Roth IRA Contributing Limit

I believe there may be a glitch in the TurboTax Deluxe software for the 2022 tax year.  According to the information I entered, Turbo Tax  indicates I made excess Roth contributions, which I believe is incorrect.  I am semi-retired, over the age of 50, and receiving a pension. However, my earned income  (from employment) is at least twice the limit of the amount of the allowable Roth contributions for 2022 for persons over 50.  I would appreciate Intuit checking its program.    Based upon the result I received after entering the contribution amount, I'm skeptical about the accuracy of the Turbo Tax program, which I have used for years, and have not had any reason to question until now.  

 

 I would appreciate a  reply from anyone who can provide an answer as soon as possible.

 

Thanks,

camc4