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A

Anonymous

Question

Traditional IRA Max Age for 2020

4 replies
48 views

Hasn't the 70.5 year age limitation for a 2020 Traditional IRA contributions been removed? Why does Turbo Tax still tell me I can't contribute because of my age? Thanks.

IRA

A

Anonymous

Please ignore this question. I just tried it again and TT did not limit my contribution because of age. Either I did something wrong or TT changed their program. Probably operator error!

Level 15

Where are you seeing this 70.5 year limitation?

I just entered a $7000 IRA contribution using my desktop software with the taxpayer being age 82 and saw nothing that prevented the contribution from being accepted.

A

Anonymous

Thanks. I tried it again and was not limited by age. I must have messed up.