TSP Contributions

[nelbo1]

My TSP account says I can contribute up to $19,500 annually.  I contributed a little over 13k this year (between a traditional and Roth IRA's).  Turbo Tax is indicating I over contributed and is saying I owe a penalty.  I'm obviously  not using Turbo Tax correctly for this.  Any help?

[DianeC958]

If you put the information into TurboTax in the Deduction and Credits section you need to remove the information.

The information for your contributions shows on your W-2 in Box 12.  You do not need to put this information in any place else.

Your before tax contributions have already been deducted from your Gross Pay in Box 1 of your W-2 and your Roth contributions do not receive a deduction on your tax return.

[dmertz]

And to be clear, the TSP is not an IRA.