rsmurano
Returning Member

ira contribution

I'm retired and I would like to bring down my adjusted income for 2021 so I would like to contribute $6000 to my ira. I don't work nor do I have a company 401k plan. When I enter this contribution in turbo tax premium, it doesn't subtract the $6000 from my income and it adds $300 to my tax that I owe to Uncle Sam.