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Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

It won't even allow me to get to the contributions interview. I spoke to Turbo Tax technical assistance. At first, the guy didn't believe me and I had to refer him to the IRS publication. He then said that the software wasn't yet updated with all of the new tax regs.

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

This has nothing to do with "new regulations" or the interview.

 

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

i have the same problem using home and office

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

the problem has not been corrected as of this date

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?


@aribica1 wrote:

the problem has not been corrected as of this date


What is the problem.    Entering IRA contribution in the IRA Contribution interview works fine for over 70 1/2.  It is only the "estimating" tool that does not.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Whitsitt
New Member

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

Yes, but Turbotax doesn't care.  They think you should not have the deductuction and won't allow it.

Whitsitt
New Member

Didn't the law on IRA contributions change to now allow contributions after the age of 70 1/2?

Actually, they won't.  They ignore it.

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