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Get your taxes done using TurboTax
A Roth IRA contribution does not actually go on a tax return, but you can enter it anyway to:
1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.
4) Add the Retirement Savers Credit if you qualify.
If you entered it than you might have a "IRA Contribution Worksheet".
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎January 5, 2021
2:44 PM