jlforment
New Member

Message that IRA contribution is not deductible due to employer sponsored retirement plan.which is not the case.

I was prompted to make a IRA contribution for myself & spouse i/a/o $6,500 each which would result in a tax savings of $3,100.  It printed & filed the Fed return. When i return to the software, the Fed & state tax credit has changed by the effect of the IRA.  I currently am not under a employee sponsored retirement plan.