VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Retirement tax questions

No it's not going to reduce your income for 2024.  It is not a new contribution to the IRA.  It will reduce your income when you take a distribution from the IRA.  The distribution will be prorated between pre-tax and post tax amounts.  

View solution in original post