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Full Deduction of Traditional IRA if you have No 401K or other Retirement Plan at workplace
I was informed at IRS Website that if You ( and spouse if married) both have NO Retirement Plan like a 401K or 403b at your workplace -- that you are able to Fully DEDUCT a Traditional IRA for that year.
Is this true? Does Turbotax show you how to do this . ( I use On line version of Premium Turbotax)
Do they ask you this question about No having a Retirement plan at workplace on the Turbotax and then allow this Deduction? Thanks for your Help
‎February 27, 2026
7:06 AM