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roth contribution too high?

W2 section DD reflects an amount of 8087.00 which is 87.00 in excess of the allowable contribution to IRA each year. My husband has a Traditional IRA with Roth under his employer and is convinced this overage is not correct.
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2 Replies
dmertz
Level 15

roth contribution too high?

Code DD in box 12 of the W-2 has nothing to do with retirement contributions.  It reports the cost of employer-sponsored health insurance.

 

Enter amounts shown in box 12 of the W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.  Nothing on a W-2 is to be entered under Deductions & Credits

 

Amounts reported in box 12 with codes D and AA show contributions to a 401(k) plan not to any kind of IRA.

ThomasM125
Employee Tax Expert

roth contribution too high?

If you are 50 years old or older $8,000 is the maximum you can contribute to an IRA in 2025. If you think your employer reported the amount in error, you will have to report the discrepancy to your employer and have them issue a corrected W-2 form.

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