- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
IRA Deduction
I am covered by a retirement plan, my spouse is not. My spouse will contribute to an existing IRA before 15 April 2021. TurboTax says the deduction is not possible because our combined AGI is >$142,000. From what I have read in the IRS instructions the limit for our situation is higher than $142,000. Is this an error in TurboTax?
Topics:
‎February 27, 2021
2:53 AM