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Why is it saying my roth contribution is too high when I put in 22120?

I'm in Georgia.
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2 Replies

Why is it saying my roth contribution is too high when I put in 22120?

The maximum contribution to all IRAs is $7000, or $8000 if you are over age 55.  If you contribute to a workplace plan, such as a Roth account in a 401k, that is NOT an IRA.  Workplace plans and IRAs are covered by different laws and some of the rules are different.  Contributions to workplace plans are included on your W-2 and are NOT entered separately.  Only enter actual contributions to a Roth IRA, if you have one. 

dmertz
Level 15

Why is it saying my roth contribution is too high when I put in 22120?

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