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?
031252
3 Replies
Bsch4477
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.
alicia-hansen12
New Member
Mar 6, 2025 11:48:54 AM
Is the amount on the W2 for Box 12 AA the 401k or IRA?
VolvoGirl
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.