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How can I deduct IRA contribution?
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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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