Your new contribution to your IRA may be eligible for the Savers' credit. You have to enter your contribution in TurboTax.
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.
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