- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You get the IRA deduction in addition to the standard deduction or itemized deduction. That is, for the IRA deduction, it doesn't matter whether you claim the standard or itemized deductions. You still get the IRA deduction. The IRA deduction is technically an "adjustment" to income. But it still results in a $6000 reduction in income before tax is calculated.
‎July 21, 2023
6:14 AM
1,104 Views