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?

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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?

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

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

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?

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

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?

@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.

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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?

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?

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?

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?

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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?

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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?

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?

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?

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