In 2022, I contributed the annual limit to my Roth and Traditional IRAs, but I am getting an error that my contribution exceeded the contribution limit. Why?

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In 2022, I contributed the annual limit to my Roth and Traditional IRAs, but I am getting an error that my contribution exceeded the contribution limit. Why?

You can only contribute a combined total of $6,000 if under age 50 to your two IRAs. You can’t contribute that amount to each of them.

In 2022, I contributed the annual limit to my Roth and Traditional IRAs, but I am getting an error that my contribution exceeded the contribution limit. Why?

I was under the impression that the annual limit was 20500 in 2022 as per https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sha...

Is that not the case?

In 2022, I contributed the annual limit to my Roth and Traditional IRAs, but I am getting an error that my contribution exceeded the contribution limit. Why?

401k plans have different contribution rules than IRA s

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