Turbo Tax indicates I'm taxed on retirement contributions made beyond $19500. Aren't contributions beyond $19500 up to the $6500 catch up provision limit tax free?

I thought these catch up provisions for people over 50 were not subject to any additional taxes.

posted

That is true if you have a 401-K plan. You can make deductible salary deferrals of up to $19,500, then an additional catch up contribution of up to $6,500 if you are over the age of 50. I would have to see your entries in TurboTax to see why that is not working for you.

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