Have you noticed 2024 IRA contrib. limit hasn't been increased? Was taxed $60 on my 8K (over 50) tIRA contribution prior to Roth conversion. Tried 7,500 - no tax!

1389

Expert Alumni

Feb 7, 2025 9:59:53 AM

To clarify, are you getting an excess contribution notification or a notification that your income is to high to deduct the traditional IRA contribution?

I cannot recreate the issue, are you using TurboTax Download or TurboTax Online?

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Have you noticed 2024 IRA contrib. limit hasn't been increased? Was taxed $60 on my 8K (over 50) tIRA contribution prior to Roth conversion. Tried 7,500 - no tax!