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Retirement tax questions
A IRA is not the same as your 401K or Simple IRA deductions at work. Yes a personal IRA under 50 is 6,500. A W2 401K is 22,500. Do not enter any job contributions as a IRA under Deductions & Credits. Only enter it from your W2 nowhere else. Only enter IRA contributions you make outside of work as a deduction.
March 26, 2024
12:56 PM
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