topic I contributed $22,004 to my 401K in 2024. I am 51 years old. TurboTax is telling me I overcontributed by $14,004. This doesn't sound right and I'm not sure what to do. in Retirement tax questions

I contributed $22,004 to my 401K in 2024. I am 51 years old. TurboTax is telling me I overcontributed by $14,004. This doesn't sound right and I'm not sure what to do.

hdieffenbach — Tue, 03 Feb 2026 12:00:58 GMT

Re: I contributed $22,004 to my 401K in 2024. I am 51 years old. TurboTax is telling me I overcon...

MindyB — Mon, 10 Feb 2025 17:38:58 GMT

It sounds like you are accidentally entering your 401(k) contributions in the interview where it asks for IRA contributions. ‌IRA contributions had a limit of $8,000 for those 50 and over in 2024. This is the difference you are seeing ($22,004-$8,000=$14,004). You should only report IRA contributions in the IRA section. 401(k) contributions are entered via your W-2 entry.

Re: I contributed $22,004 to my 401K in 2024. I am 51 years old. TurboTax is telling me I overcontributed by $14,004. This doesn't sound right and I'm not sure what to do.

dmertz — Mon, 10 Feb 2025 21:43:22 GMT

And to be clear, a 401(k) is not an IRA.