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Get your taxes done using TurboTax
Yes, the earnings on the W-2 do allow a contribution for her, it's just the deduction that could be limited. It is considered earnings in 2023 based solely on the W-2. Check out the IRS information page below. TurboTax will walk you through any allowable deduction.
- IRA Contribution Deduction Limits (if in a retirement plan at work as indicated by Box 13 of your W-2)
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March 19, 2024
4:02 PM