SamiaI
Employee Tax Expert

Retirement tax questions

Only Traditional IRA contributions may be deductible on your taxes. Roth IRA contributions are not deductible.

Please see instructions below to enter your IRA contributions:

https://ttlc.intuit.com/replies/4792466

The general limit for traditional IRA contributions is the smaller of the following amounts:

  • $5,500 ($6,500 if you are age 50 or older), or
  • Your taxable compensation for the year.

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