You'll need to sign in or create an account to connect with an expert.
@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.
You hit the nail on the head. I confused the IRA topic with Employer contributions. Thanks
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
RC0857
New Member
narkhsa1
New Member
glesieutre
New Member
msv1
New Member
lcai69
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.