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What happened to the step in which TurboTax offers to reduce taxes by depositing to a Traditional IRA?
I am an expatriate living abroad. As such, my annual tax filing has changed to:
- Take either FEIE or FTC.
- Use the automatic 2-month extension (In the country where I live and work, I only get the required forms after April 15).
TurboTax has been very helpful in navigating through the maze of forms and calculation, but I just realized that one of the important steps that used be present whenever I owe taxes (i.e. not entitled for a refund) is no longer presented to me: Deposit to Traditional IRA.
Back then, when I lived and worked in the US, I could reduce owed taxes significantly by depositing some amount into a Traditional IRA account. If I forgot about it, TurboTax would intelligently present a page/step in which I can take care of that.
But now, when taking FTC, owing a certain amount to the IRS, this step/page is no longer present.
Why is that?
Is it because I am filing after April 15th, thus missing the deadline for deposit?
Or is it because I am taking FTC?
Or something else?