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IRA Guidance with TurboTax

I haven't used TurboTax in many years, but am considering using it again for 2021 filing.  I am trying to recall whether the software gives you options to see how your refund might vary if you were to contribute to a traditional IRA for the 2021 tax year.  For example, when working with a CPA, they will tell me "your refund is $x right now.  If you contribute $5,000 to a traditional IRA, your refund will change to $y".  Is something like this available within TurboTax, if I were to purchase the Premier product?  Would it matter whether I do the Online vs. the CD/downloadable?

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2 Replies

IRA Guidance with TurboTax

The desktop version gives you more flexibility but you can see the results of your inputs in both. 

IRA Guidance with TurboTax

Thanks for your reply - much appreciated!

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