https://ttlc.intuit.com/community/retirement/discussion/my-federal-tax-amount-increases-according-to-turbotax-when-i-choose-to-make-an-ira-contribution-why/01/378292#M33721 Tue, 04 Jun 2019 00:30:14 GMT outlawstress 2019-06-04T00:30:14Z https://ttlc.intuit.com/community/retirement/discussion/my-federal-tax-amount-increases-according-to-turbotax-when-i-choose-to-make-an-ira-contribution-why/01/378292#M33721 Tue, 04 Jun 2019 00:30:14 GMT https://ttlc.intuit.com/community/retirement/discussion/my-federal-tax-amount-increases-according-to-turbotax-when-i-choose-to-make-an-ira-contribution-why/01/378292#M33721 outlawstress 2019-06-04T00:30:14Z https://ttlc.intuit.com/community/retirement/discussion/it-appears-that-you-may-not-be-eligible-or-limited-to-ma/01/378296#M33722 <P>It appears that you may not be eligible or limited,&nbsp;to make an IRA contribution and TurboTax is generating a penalty for excess contributions.&nbsp;<B>If you make excess IRA contributions, you're subject to a 6% tax.</B></P><DIV> <P><A href="https://ttlc.intuit.com/replies/3301534" target="_blank">https://ttlc.intuit.com/replies/3301534</A><BR /></P> <P>See&nbsp;<B>Deductions Allowed for Contributions to a Traditional IRA</B>&nbsp;<A href="https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Deductions-Allowed-for-Contributions-to-a-Traditional-IRA/INF14777.html" target="_blank">https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Deductions-Allowed-for-Contributions-to-a-Traditional-IRA/INF14777.html</A></P> </DIV> Tue, 04 Jun 2019 00:30:16 GMT https://ttlc.intuit.com/community/retirement/discussion/it-appears-that-you-may-not-be-eligible-or-limited-to-ma/01/378296#M33722 HelenaC 2019-06-04T00:30:16Z