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Level 1

Solved

How can I deduct IRA contribution?

1 reply
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TurboTax Deluxe Online

Level 7

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.

Answer

Level 7

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.