I'm over 50 years in age and the system is trying to place a penalty on me for my contribution in my roth ira of 6480 why is this happenning?

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If you are single, you must have a modified adjusted gross income under $135,000 to contribute to a Roth IRA for the 2018 tax year, but contributions are reduced starting at $120,000.

If you are married filing jointly, your MAGI must be less than $199,000, with reductions beginning at $189,000.

ROTH TSP on W-2 Form Box 12 for an active member of the Militaryshow an amount within the TSP allowance, but greater than a traditional Roth IRA W-2 shows code AA. Turbo Tax only recognizes this as a Tradtional Roth and peanalizes for above $6,500

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I'm over 50 years in age and the system is trying to place a penalty on me for my contribution in my roth ira of 6480 why is this happenning?

I'm over 50 years in age and the system is trying to place a penalty on me for my contribution in my roth ira of 6480 why is this happenning?

Get more help

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I'm over 50 years in age and the system is trying to place a penalty on me for my contribution in my roth ira of 6480 why is this happenning?

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I'm over 50 years in age and the system is trying to place a penalty on me for my contribution in my roth ira of 6480 why is this happenning?

Get more help

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