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New Member
posted Jun 6, 2019 12:59:13 AM

The software is limiting my IRA deduction to 6500 though the limit is 18500

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1 Best answer
Intuit Alumni
Jun 6, 2019 12:59:20 AM

The limits are different depending on what type of plan you are contributing to.   401(k) and Profit-Sharing Plan Contribution Limits


For 2019 and 2020, your total contributions to all of your traditional and Roth IRAs cannot be more than:

4 Replies
Intuit Alumni
Jun 6, 2019 12:59:14 AM

Are you perhaps trying to enter information for a SEP-IRA?

Level 15
Jun 6, 2019 12:59:16 AM

Employer plans are NOT IRA's and do not get entered in the IRA contribution section.

Intuit Alumni
Jun 6, 2019 12:59:19 AM

That's why I asked my question -- to see if she was in the wrong place, since her contribution was way above the IRA allowable.  I

Intuit Alumni
Jun 6, 2019 12:59:20 AM

The limits are different depending on what type of plan you are contributing to.   401(k) and Profit-Sharing Plan Contribution Limits


For 2019 and 2020, your total contributions to all of your traditional and Roth IRAs cannot be more than: