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nxu1231
New Member

Can Traditional IRA contribution reduce my AGI?

Can Traditional IRA contribution reduce my AGI
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‎December 19, 2022 1:40 PM
last updated ‎December 19, 2022 1:40 PM
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2 Replies
DoninGA
Level 15
Level 15

Can Traditional IRA contribution reduce my AGI?

Yes

‎December 19, 2022 1:47 PM
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Bsch4477
Level 15
Level 15

Can Traditional IRA contribution reduce my AGI?

Depends on your AGI and if you have an employer retirement plan. Read details here. 
https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-l...

 

‎December 19, 2022 1:47 PM
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