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Impact of Personal IRA Contribution on Refund
I contributed the max amount for 2023 to a personal IRA account ($7,500). It was the last entry I entered to best understand the impact on my refund. It only increased my refund by $16.00. Historically the impact has been much more. Trying to understand why it was only a $16.00 and if there's an error?
‎April 8, 2024
6:53 PM