topic Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution? in Retirement tax questions

Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

alicia-hansen12 — Tue, 03 Feb 2026 16:38:40 GMT

Re: Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

Bsch4477 — Thu, 06 Mar 2025 19:44:10 GMT

The maximum contribution to a Roth 401(k) in 2024 is $23,000.

The $7,000 limit is for the individual Roth.

Re: Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

alicia-hansen12 — Thu, 06 Mar 2025 19:48:54 GMT

Is the amount on the W2 for Box 12 AA the 401k or IRA?

Re: Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

VolvoGirl — Thu, 06 Mar 2025 19:49:41 GMT

@alicia-hansen12 Do not enter it under Deductions. Only enter it from the W2. Code AA is for a Roth 401k. A 401K is not a IRA. Delete it from Deductions.