LindaS5247
Expert Alumni

Retirement tax questions

If you made a Traditional or Roth IRA contribution, you'll enter the amounts as follows:

 

  1. Clicking on the Federal Taxes tab
  2. then Deductions & Credits
  3.  then scroll down to Retirement & Investments and 
  4. select Traditional & Roth IRA Contributions 
  5. Then follow the prompts

You can also access this entry by:

 

  1. Sign into your TurboTax account.
  2. Open or continue to your return.
  3. In the search bar, type IRA contributions and select the Jump to link in the search results.
  4. We'll take you to the Traditional IRA and Roth IRA screen, where you can start the IRA interview.

 

In order to contribute to a Roth IRA, you must have earned income. Single tax filers must have a modified adjusted gross income (MAGI) of less than $144,000; if married and filing jointly, your MAGI must be less than $214,000 for 2022. The amount of money you can contribute per year is based on your income level. 


Click here for additional information on Deductions Allowed for Contributions to an IRA.

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