Yes it states that taxable non-tuition fellowship and stipend payments qualify along with wages, salaries, self-employment income. - for example box 1: $12000 and box 5: $20000. Can I buy IRA for $6000 to lower my tax. I tried doing that on turbo tax online, it increase my federal tax and not decreasing it. Is something wrong with online turbo tax or I am not entering this correctly.
