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New Member
posted Apr 18, 2022 7:00:20 PM

Why does adding my Roth contribution increase my taxes owed?

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1 Replies
Expert Alumni
Apr 18, 2022 7:20:03 PM

The only way a Roth contribution would increase the amount you owe would be if it were an excess contribution. You can review the IRA contribution section to see if this is the issue.

 

  1. Select Federal from the left side menu.
  2. Select Deductions and Credits toward the upper left. 
  3. Expand the list and scroll down to Retirement and Investments.
  4. Expand the section and click Start to the right of Traditional and Roth IRA Contributions. 
  5. Continue through the section until you get to Your Roth Contribution Was Too High. This page will explain how much of your contribution was excess and why.