TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

Over 50, no pension at work, Turbo Tax shows no change in ira contribution deduction. How come?

Forum|Forum|7 years ago
June 5, 2019
1 reply
1 view

No change in refund when I enter full 6500 in IRA contributions. All data states I should be eligible: over 50, no pension/retirement plan at work; MAGI 83K. How come?

TurboTax Deluxe Windows

Best answer by null725

Contributions to a ROTH IRA are not deductible and have no effect on your refund. Non-Deductible contributions to a Traditional IRA are not deductible and have no effect on your refund. Only a deductible contribution to a Traditional IRA, identified to be for 2016 will have any effect on your refund.

Level 13

Contributions to a ROTH IRA are not deductible and have no effect on your refund. Non-Deductible contributions to a Traditional IRA are not deductible and have no effect on your refund. Only a deductible contribution to a Traditional IRA, identified to be for 2016 will have any effect on your refund.

psychrebel2Author

Level 2

ok. I checked traditional IRA, so not sure what happened.