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Level 2
posted Mar 11, 2022 9:01:08 AM

Roth IRA contribution question

I contributed $1,000.00 to my Roth IRA and $6000.00 to my Traditional IRA in 2021 (I'm over 50). However, I think my husband and my income was over the AGI for being allowed to contribute to IRA's?? also my husband has a 401K through his employer. My question is how to see if we are over and if so is there anything I can do before filing for 2021 taxes?

 

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1 Replies
Expert Alumni
Mar 11, 2022 12:44:04 PM

You can enter your IRA contributions in TurboTax or review your entries if you have already entered them. You will see a warning message if you overfunded your contributions and will be instructed on how much excess contribution you need to withdraw by the due date of your tax return.

 

You enter your IRA contributions in the Deductions and Credits section of TurboTax, and then Retirement and Investments, then Traditional and Roth IRA Contributions.