Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area?

dhchasenh · ‎March 5, 2021

Last year I contributed $17k this year $11k. MAGI is about the same, $250K.

macuser_22 · ‎March 5, 2021

@dhchasenh wrote:
Last year I contributed $17k this year $11k. MAGI is about the same, $250K.

In 2019 the maximum contribution to an IRA was $6,000 ($7,000 of over age 50) - 2020 is the same.

You are probably confusing an employer or self-employed retirement plans with a IRA. They are NOT Traditional or Roth IRA's and do not get entered in the IRA contribution section.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

dhchasenh · ‎March 8, 2021

You hit the nail on the head. I confused the IRA topic with Employer contributions. Thanks

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Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area?