Why is there a $60 tax on Roth IRA deposit on tax return?

  • Thread starter Thread starter circus m
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circus m

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My father is over 50 year old and he deposited 5k in a Roth IRA since he's over 50 he can deposit an exta 1k instead of the 4k. So why did his tax preparer fill out a tax form which taxed him $60 for the surplus IRA deposit? According to the IRS he could deposit 5k though so technically it's not surplus. Did his tax preparer do it wrong? The software the tax preparer used was Proseries.
 
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