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New Member
posted Mar 6, 2025 11:40:33 AM

Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

0 3 1252
3 Replies
Level 15
Mar 6, 2025 11:44:10 AM

The maximum contribution to a Roth 401(k) in 2024 is $23,000. 

The $7,000 limit is for the individual Roth. 

New Member
Mar 6, 2025 11:48:54 AM

Is the amount on the W2 for Box 12 AA the 401k or IRA?

Level 15
Mar 6, 2025 11:49:41 AM

@alicia-hansen12   Do not enter it under Deductions.  Only enter it from the W2.   Code AA is for a Roth 401k.    A 401K is not a IRA.  Delete it from Deductions.