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Financial Planning / Tax Strategies


Subject:  Re: Turbo-Tax woe Date:  2/14/2003  11:23 PM
Author:  twputnam Number:  63844 of 124763

I disagree with Lorenzo2. On pages 131 and 123 of Pub 17, it clearly says that a married couple can contribute up to the joint amount of their earned income, not to exceed $6000, $6500 if one is 50 or older, and $7000 if both are 50 or older. It seems Turbo Tax is wrong. Since I don't use Turbo Tax, I don't know how you override the limt that it is imposing.

Good Luck!

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