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  - 2012 Tax Law Changes: We've Got You Covered!
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  - What is TurboTax Advantage (Automatic Renewal) and How Do I Enroll?
    Learn all about TurboTax Advantage (formerly known as Automatic Renewal).
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  - Cancelling or refunding TurboTax Advantage enrollment
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  - How do I update the info in "My Account", such as my e-mail or billing address?
    To update your account info, click My Account in the upper right corner of any page on turbotax.com.
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- Buying
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  - Entering Your Service Code in TurboTax Online
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Download & Install
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  - Windows Installer and .NET Errors
    Windows Installer, .NET errors, and other issues that can occur when installing or running TurboTax for Windows software
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    Minimum requirements for TurboTax software for Windows and Mac, plus TurboTax Online
  - Download Your TurboTax Software Purchase
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    How to download through your TurboTax for Windows software or from our Online store
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- Installing
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  - Installing TurboTax for Windows
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  - Entering Your Service Code in TurboTax Online
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- Updating TurboTax
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  - Manual Updates for TurboTax
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  - Error 42002: Could not connect to the update site
    How to resolve this error when attempting to update
  - How to Update TurboTax State
    Different ways to download the latest state software tax forms, bug fixes, and enhancements
  - Do I have to Buy a New TurboTax Program Annually?
    The answer may surprise you
- Reinstalling
  - Reinstall TurboTax for Windows
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Getting Started
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    Ways to retrieve your lost or forgotten TurboTax Online username or password
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    5 reasons why this can happen and what your next steps are
  - Find Your Tax File in Windows
    How to find a tax return file created in TurboTax software for Windows
  - Open Your Tax Return
    How to open your tax return in TurboTax software
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- Signing In
  - Forgot your TurboTax login?
    Ways to retrieve your lost or forgotten TurboTax Online username or password
  - TurboTax Online 2011 is No Longer Available
    TurboTax Online shuts down every October in preparation for next year
  - Why Can't I Find My TurboTax Online Return?
    5 reasons why this can happen and what your next steps are
  - TurboTax Online Return Fails to Open
    Troubleshooting tips for timeouts when opening your TurboTax Online return
  - Error: You Haven't Used TurboTax in the Last 20 Minutes
    How to resolve this error after signing in to TurboTax Online
  - Start Over in TurboTax Online
    Clear your TurboTax Online return so you can start from scratch
- Starting TurboTax
  - Open Your Tax Return
    How to open your tax return in TurboTax software
  - Retrieve a Tax File from a Portable Device
    Getting your tax file from a flash drive or other portable device onto your computer
  - Error 510 or 544
    Resolve errors 510 or 544 when opening your tax return
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    Resolve error 539 when opening or saving your tax return
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    After transferring, you should verify and if necessary, update or remove data
  - Move Your Tax Return to Another Computer
    How to transfer your tax return to a different computer
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  - Find Your Tax File in Mac
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  - TurboTax Online Return Fails to Open
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  - TurboTax Online 2011 is No Longer Available
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Preparing My Taxes
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  - Need More Time? E-file an Extension
    5 minutes now gives you another 6 months to file. And it's free!
  - Who is a Dependent?
    If you support relatives or someone who lives with you, they could count as your dependents.
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    TurboTax walks you through filing your return if you receive a 1099-MISC for work as a contractor.
  - Where to Enter Form 1098 and 1099 Data
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- Personal Info
  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - Who is a Dependent?
    If you support relatives or someone who lives with you, they could count as your dependents.
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    View answers to frequently asked questions about claiming dependents.
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    Learn which filing status gives you the lowest tax.
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    Get step-by-step directions on how to file your tax returns.
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    See how certain community-property states affect your tax preparation.
- Wages & Income
  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - I Received a 1099-MISC, Now What?
    TurboTax walks your through filing your return if you receive a 1099-MISC for work as a contractor or freelancer.
  - Importing From Your Employer or Broker
    Save time and energy by importing your W-2, 1099, and 1098 information.
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    If you received one or more Schedule K-1s, we'll help you enter them.
  - Finding Your Investment Cost Basis
    To accurately report gains or losses on your investments, you'll need the cost basis.
  - What Are Qualified Education Expenses?
    See which education expenses count toward a tax credit or deduction.
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    Understand how to report your rental income and related expenses.
- Business Income & Expenses
  - I Received a 1099-MISC, Now What?
    TurboTax walks you through filing your return if you receive a 1099-MISC for work as a contractor.
  - Do I Have to Pay Self-Employment Tax?
    We calculate how much self-employment tax you'll need to pay.
  - Tax Deductions and Working from Home
    Learn how the home-office deduction works.
  - How to Calculate Estimated Taxes
    Let us determine if you need to pay estimated taxes.
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  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - About the Earned Income Credit (EIC)
    What are the rules, and do you qualify?
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    Find out about this credit applies to you.
  - What is the Child Tax Credit?
    TurboTax determines if your child qualifies for the child tax credit.
  - What Are Qualified Education Expenses?
    See which education expenses count toward a tax credit or deduction.
  - What Kind of Charitable Donations Can I Deduct?
    Give smartly if you want to take a deduction for charitable donations.
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    Understand the ins and outs of claiming deductions for medical expenses.
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  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - Amend a Return
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    We explain why it's hard for some filers to avoid this tax
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    TurboTax makes it fast and simple to file an extension.
- Federal Review
  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - Why is My Tax Refund Different This Year?
    Here are some common reasons why your taxes could have changed.
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    We explain why it's hard for some filers to avoid this tax.
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    TurboTax calculates whether any or some of your Social Security income will be taxed.
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    Unemployment is considered taxable income by the federal government, but state rules vary.
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    Find out what type of state residency applies to you and your family.
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    We'll show you where to enter information from Forms 1098 and 1099 in TurboTax.
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    Learn what to do if you need to file more than three state returns.
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Printing & Filing
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Is there tax on my IRA excess contribution?

Updated: 1/21/2013

Article ID: IAS10116

If you contribute too much to your IRA, you will be taxed 6% on your contribution that has exceeded the limit. Any contribution withdrawn on or before the return filing due date, which includes extensions, is treated as if it were not contributed. This treatment only applies if any earnings on the contributions are also withdrawn. The earnings are considered earned and received in the year the excess contribution was made and are taxable.

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