ThomasM
New Member

Retirement tax questions

Yes, you can.

Your IRA contributions may or may not be deductible if you're in an employer-sponsored plan (the 401k).  The deductibility will depend on your filing status, modified AGI, and (if married) whether your spouse is covered under an employer plan.

Here's a link to IRS Publication 590-A, which discusses these limitations (see the tables on p.13): https://www.irs.gov/pub/irs-pdf/p590a.pdf.

You'll enter any IRA contributions in TurboTax by selecting Federal TaxesDeductions & CreditsRetirement and Investments > Traditional & Roth IRA Contributions and following the prompts.