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New Member
posted Jun 4, 2019 5:06:44 PM

My Roth 401k contributions for 2017 are 12252.24. which is below the 18,000 limit. Is there a reason it says I'm being fined for excess contributions?

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Level 15
Jun 4, 2019 5:06:49 PM

Solved in comments.

4 Replies
Level 15
Jun 4, 2019 5:06:45 PM

Keep in mind that the maximum contribution is an aggregate limit across all of your 401(k) plans. You cannot save $18,000 in a traditional 401(k) and another $18,000 in a Roth 401(k).

Level 15
Jun 4, 2019 5:06:47 PM

#2:  You only enter those contributions as a part of your W-2 form.

If you re-entered the contributions as IRA/RothIRA Contributions on the Deductions&Credits page....you need to go take them out of there.  a 401k is NOT an IRA.  a ROTH 401k is NOT a ROTH IRA.

New Member
Jun 4, 2019 5:06:48 PM

Thanks yeah I think I've figured it out. For some reason I think it was entering the information from my W-2 as an IRA. Thanks for the help

Level 15
Jun 4, 2019 5:06:49 PM

Solved in comments.