Where in TurboTax can I see the exact maximum $ amount I may contribue to a Roth IRA this year

[rifi]

I've never before made a Roth IRA contribution. In past years, I have contributed to a SEP IRA. 

I have made no IRA contributions  (of any kind) for Tax Year 2021.

I do see that IF I wanted to make a SEP IRA contribution (for instance) for Tax year 2021,  Turbotax can calculate the maximum $ contribution I could make to a SEP IRA, but I don't see where Turbotax explicitly calculates the maximum Roth IRA contribution I could make this year, based on my (low) income.

[MaryK4 · Accepted solution]

If you go the the Traditional and Roth IRA Contributions in the Deductions & Credits.  Enter that you contributed to a Roth IRA and an amount and you will get a summary at the end of how much you could contribute (then go back and zero out your entry),

You may contribute up to $6,000 ($7,000 if age 50 or older) each year (or up to your compensation, if it's less than the maximum amount that may otherwise be contributed). This rule is no different than that for a traditional IRA.

[sblionel]

I did not find this to be the case. I found that TT calculated the amount I could contribute, plugged that in as being contributed before the filing deadline, and never told me about it. I wasn't aware that I could contribute anything and would have missed making that contribution if I hadn't stumbled across the amount on one of the forms.

I tried resetting the contribution to zero, stepped through the pages, not a peep about how much I could contribute.

[rifi]

Very interesting, @sblionel . I wonder why that happened

[rifi]

That workaround worked, @MaryK4 . Thank you.

Do you understand why Turbotax does not tell the user, upfront, the maximum specific $ amount that she may contribute to a Roth IRA (as it does for, say, a SEP IRA)?

[AmyC]

Turbo Tax is a large program and the programmers have their reasons for some interesting quirks in the program. However, because things are always changing, let me give you a link that is always updated with every retirement plan and its limitations and rules. See here.

@rifi