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Retirement tax questions
token is below. (I am astounded that TT doesn't allow copy of the extremely long token number, i had to use a screen shot)
Please tell me why TT thinks that I have no earned income in regards to taking traditional ira, making traditional IRA excess and non-deductible. I already took a SIMPLE ira in relation to earnings. My understanding from IRS website is that one can take both, that one doesn't affect the other. Can you explain this to me?
Also, I contacted IRS for status of my refund. They lowered my refund by 25% (ie: increased taxes owed) because social security wrongly calculated. I checked, number that I entered is number from SS box 5. TT did the incorrect calculation(?).
thanks
March 28, 2025
1:12 PM