- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Your son is considered as self-employed and his income is earned income and qualifies him for an IRA contribution.
When you enter his Traditional IRA contribution, his Federal tax due should decrease.
In TurboTax, you can enter IRA contributions by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
- Scroll down to All Tax breaks, locate the section Retirement and Investments and click on Show more
- Click Start next to Traditional and Roth IRA Contributions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2022
7:24 AM