Turbo tax keeps telling me there is an error on contributions roth 401k
from what I read due to age catch up you should be able to deduct up to 23,500 + 7,500 = 31,000
My husband was the earner and turned 61 march 2025. How do I fix this ? His total amount on w2 is 31,116.00
?????
Thank You
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$31,115 is more than $31,000. How did he contribute that much to a Roth 401k? 401k contributions can only be made by payroll deduction and the employer should have blocked him from going over.
Also, make sure you not entering the contributions in the IRA section. 403b contributions are reported on the W-2 and are automatically captured by the IRS. Do not enter them again later in the IRA section. A 401k plan is NOT an IRA--they are controlled by different sections of the law and some of the rules are different, even though they have a similar purpose.
Thanks so much
It did come over on the W2 and I entered it. So taken care of I guess
thanks again
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