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Deductions & credits
Are you talking about contributions to your retirement plan at work (taken from your paycheck)? If yes, then you do not enter these in the IRA contribution section. This will be already reported on your W-2 box 12.
If you made a direct contribution to an IRA (outside of work) then you should enter them in TurboTax in the IRA contribution section. It is always a good idea to enter the IRA contributions to verify that you didn't make an excess contribution or you might qualify for the Saver's Credit.
If you made a traditional IRA contribution for 2022 but you cannot deduct the traditional IRA contribution then you will have a basis and this needs to be tracked on Form 8606 as Tax Expert MarilynG1 and Tax Expert ErnieS0 mentioned.
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‎April 10, 2023
12:22 PM