Yes, if you are eligible for a deductible IRA based on your MAGI, you can contribute and deduct a contribution to a Traditional IRA if the contribution is made by April 18, 2022.
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.
TurboTax will let you know if you are eligible to contribute to an IRA.
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