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laurajmassaro
laurajmassaro
Level 1
posted
‎June 4, 2019 12:31 PM
last updated ‎June 04, 2019 12:31 PM

I'm over 50. Why didn't it recognize that I could put $7000 into an IRA?

 Only allowed $6500 not $7000.

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Zbucklyo
Zbucklyo
Level 10
‎June 4, 2019 12:31 PM

I'm over 50. Why didn't it recognize that I could put $7000 into an IRA?

If you are filing a 2018 tax return, the contribution limit is $6500.  If you are referring to a 2019 contribution that you are making now, it will not be reported until you file your 2019 taxes in 2020.  A $7000 contribution will be allowed then.

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