CathiM
New Member

Retirement tax questions

The maximum contribution you can make to your traditional IRA is $6,500 if you are age 50 and older.  Your CPA was probably telling you only what you needed to contribute to not owe taxes. I am not able to see that, but you can enter the full $6,500 into TurboTax (after you finish entering all income and deductions) and see if you are getting a refund.  If you are, then adjust down the $6,500 until your refund is $0. That will be the amount you need to deposit.

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