topic Why does my Roth 401K say i can contribute up to $23,000 but turbo tax says i can only contribute $8,000 and over that i have a penalty? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/why-does-my-roth-401k-say-i-can-contribute-up-to-23-000-but-turbo-tax-says-i-can-only-contribute-8/01/3478041#M233278 Tue, 03 Feb 2026 11:30:25 GMT joeldodd85 2026-02-03T11:30:25Z Why does my Roth 401K say i can contribute up to $23,000 but turbo tax says i can only contribute $8,000 and over that i have a penalty? https://ttlc.intuit.com/community/retirement/discussion/why-does-my-roth-401k-say-i-can-contribute-up-to-23-000-but-turbo-tax-says-i-can-only-contribute-8/01/3478041#M233278 Tue, 03 Feb 2026 11:30:25 GMT https://ttlc.intuit.com/community/retirement/discussion/why-does-my-roth-401k-say-i-can-contribute-up-to-23-000-but-turbo-tax-says-i-can-only-contribute-8/01/3478041#M233278 joeldodd85 2026-02-03T11:30:25Z Re: Why does my Roth 401K say i can contribute up to $23,000 but turbo tax says i can only contribute $8,000 and over that i have a penalty? https://ttlc.intuit.com/community/retirement/discussion/re-why-does-my-roth-401k-say-i-can-contribute-up-to-23-000-but-turbo-tax-says-i-can-only-contribute/01/3478073#M233285 <P>Your Roth 401(k) is&nbsp;<U>not</U> a Roth IRA.&nbsp; Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.&nbsp; Remove the erroneous Roth IRA contribution entry that you made.</P> Wed, 12 Feb 2025 15:58:22 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-does-my-roth-401k-say-i-can-contribute-up-to-23-000-but-turbo-tax-says-i-can-only-contribute/01/3478073#M233285 dmertz 2025-02-12T15:58:22Z