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Level 1
February 27, 2020
Question

roth ira contributions

  • February 27, 2020
  • 1 reply
  • 18 views

where it says enter your contributions should that include the company match

1 reply

Level 15
February 27, 2020

No, it should not include the company match.  It sounds like you might be entering your contributions to your Roth 401(k) instead of contributions to your Roth IRA.  Your Roth 401(k) contributions are entered from your W-2, Box 12, Code AA — Designated Roth contribution under a 401(k) plan.  Your Roth 401(k) contribution should not be entered as a Roth IRA contribution.

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Level 2
March 7, 2020

I contributed more than $6000 to my Roth 401(k) plan. TurboTax the program tells me that I made an excess contribution, tho when I spoke with a TurboTax expert earlier, I was told that the limit was $19,000 or so. How do I get the program to accept that what's in line 12 of my W-2 (AA) is acceptable?

MaryK4
Level 15
March 7, 2020

The $19,000 annual limits includes all 401k contributions, not just the ROTH category.

 

@mcoop26

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