In 2024, I contributed the max possible amount to my pre-tax 401k, which is $23,000. Turbotax is trying to tell me that I have an excess contribution of $16,000 and will have penalties. I don't understand where this is coming from. I very clearly entered $23,000 which came right from my W2.
A 401k is NOT an IRA. Do not enter it under Deductions. Only enter it from the W2 nowhere else.
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