Does TurboTax calculate my maximum allowable Roth IRA contribution for 2022? If so, where is it found?

[DanaB27 · Accepted solution]

The easiest way is to enter a Roth IRA contribution and go through the interview until you get to the "Your Roth Contribution Was Too High" screen. There TurboTax will tell you how much you are allowed to contribute.  

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “IRA contributions” 
3. Click on “Jump to IRA contributions"
4. Select “Roth IRA”
5. Answer “No” to “Is This a Repayment of a Retirement Distribution
6. Enter the Roth contribution amount $6,000
7. Continue until "Your Roth Contribution Was Too High" screen (this screen only will come up if your MAGI is too high).

You can also check the "Roth IRA Contribution Limit Worksheet" in TurboTax to see what was calculated (but might have to pay before you can see it in TurboTax Online):

1. Select Tax Tools on the left and then Print Center and choose the print center
2. Select returns and choose to print just the tax return or to include all worksheets as well. 

Please see Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes

and 2022 - Amount of Roth IRA Contributions You Can Make for 2022 for additional information.

For 2022 the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

• $6,000 ($7,000 if you're age 50 or older), or
• If less, your taxable compensation for the year

[TreeCutter]

Does anyone have a better answer?

Turbotax calculates how much we can contribute to an IRA based on our income, and federal limits.  

All we want to do is look up what Turbotax has already calculated.  

I have already seen this in Turbotax - there is a place to inquire about it - but it is buried somewhere in all the menus and I cannot find it. 

I do not want to enter false data as this post recommends.  For one, if the false data does not all get taken out it can create problems, and second it should be unnecessary.  Turbotax has already calcualated it.  So can someone explain what I click on to look it up?

[AnnetteB6]

For your reference, here is a link to the IRS Worksheet used to make the calculation:  

Worksheet 2-2. Determining Your Reduced Roth IRA Contribution Limit

This worksheet is duplicated within TurboTax, titled Roth IRA.  

You can print this as part of your return using TurboTax Online after your fees have been paid.  

Or if you are using TurboTax Desktop, go to Forms at the upper corner of the screen and look for Roth IRA in the list on the left side.

@TreeCutter