Roth IRA contributions overpayment warning .

[kencunigan79]

I got the warning that my Roth IRA contributions exceeded federal IRS limits and I was instructed to file for a return of excess contributions. I first contacted my HR department and tried to get them to fill out the Fidelity Form for return of excess contributions. They told me they cant do that because our program is a 401K plan with no Roth IRA. So I turned in the form and the letter from HR saying they did not contribute to a ROTH IRA account. They denied my claim and told me the limits on my contributions was $22,500 and that I did not exceed that limit on either or both of my accounts. Fidelity Stated that they have had a lot of calls and forms from Turbo tax users inquiring about the same issue. So my HR and my Investment Manager both say it is a turbo tax error. 

[DanaB27]

Do not enter the contributions to a work retirement plan like 401(k) as IRA contribution in the Deduction & Credit section. A work retirement plan is not an IRA. The contribution to the work retirement plan is already listed in box 12 of your W-2 and all you need to do is enter your W-2.

To remove the IRA contribution entry:

1. Click on "Search" on the top right and type “IRA contributions”
2. Click on “Jump to IRA contributions"
3. Deselect the IRA,  select "None of the above", and click "Continue"
4. Confirm that you want to delete the IRA contribution.