Retirement

[maestro777]

I have a payroll deduction to an IRA through my job with a total contribution below what my financial advisors say is the limit per year. I also have a contribution to a Roth account at or below the limit for my age.  Why is turbo tax giving me a MAGI higher that our combined income? Why is it telling me I over contributed by a very large amount.

[dmertz]

Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.