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March 6, 2025
Question

Box 12 AA Roth IRA contributions say on W2 that a maximum total is $23,000 but turbotax says $7000. How do I know if I have an excess contribution?

  • March 6, 2025
  • 2 replies
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2 replies

Employee
March 6, 2025

The maximum contribution to a Roth 401(k) in 2024 is $23,000. 

The $7,000 limit is for the individual Roth. 

March 6, 2025

Is the amount on the W2 for Box 12 AA the 401k or IRA?

VolvoGirl
Employee
March 6, 2025

@alicia-hansen12   Do not enter it under Deductions.  Only enter it from the W2.   Code AA is for a Roth 401k.    A 401K is not a IRA.  Delete it from Deductions.