topic Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area? in Retirement tax questions

Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area?

dhchasenh — Fri, 05 Mar 2021 21:34:44 GMT

Last year I contributed $17k this year $11k. MAGI is about the same, $250K.

Re: Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area?

macuser_22 — Fri, 05 Mar 2021 21:44:46 GMT

@dhchasenh wrote:
Last year I contributed $17k this year $11k. MAGI is about the same, $250K.

In 2019 the maximum contribution to an IRA was $6,000 ($7,000 of over age 50) - 2020 is the same.

You are probably confusing an employer or self-employed retirement plans with a IRA. They are NOT Traditional or Roth IRA's and do not get entered in the IRA contribution section.

Re: Last year with higher numbers my Roth IRA contributions did not trigger an excess contribution issue this year they did. Did something change in this area?

dhchasenh — Mon, 08 Mar 2021 15:10:28 GMT

You hit the nail on the head. I confused the IRA topic with Employer contributions. Thanks