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Roth IRA Contribution Limit Checkbox

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Roth IRA Contribution Limit Checkbox

lisacslater

Today a representative and I spent nearly an hour on the phone trying to get Maximum Roth Contributions to populate. The taxpayer is waiting on the tax return and me to tell them what their contribution limit for the year is. What the representative and I did not know is that on the IRA Contribution Worksheet, an amount must be input for ROTH Contributions and then the Roth IRA Contribution Worksheet populates.

It would be helpful if there was a checkbox for maximum contribution (similar to with SEP/Keogh) and not force us to enter bogus information trying to get to a maximum amount by trial and error. This is not only inefficient but the bogus amount that was input into this return caused the taxpayer to owe an additional amount for excess contributions. If I had not been paying attention, I may have thought that since they could not make any contribution that everything was ok and just continued on with my return.

In summary: Please provide a checkbox to calculate maximum IRA/Roth contributions based on tax return information as it actually is.

Status: New
0 Votes
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