ErnieS0
Expert Alumni

Retirement tax questions

For tax years beginning after 2019, the rule that you are not able to make contributions to your traditional IRA for the year in which you reach age 70½ and all later years has been repealed.

 

Do you have earned income?

 

It’s possible TurboTax is rejecting your IRA contribution for something other than age. Only compensation from working qualifies for income which can be used for an IRA deduction.

 

IRA compensation

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