I can contribute to an IRA but when I indicate that I am making the the contribution between Jan. 1 and Apr 18 the tax deduction is negated. Why?

[pitt71jh]

Turbo Tax suggested the contribution and on the worksheet, I could see the tax deduction.  So I indicated later that I was making the contribution (2,500) but when I then showed that I was making the contribution in 2017, the tax deduction was negated.

[MiriamF · Accepted solution]

The IRA contribution would not be tax deductible if:

• You took money out of a retirement account (NOT a rollover) within the last two years.
• If your MAGI exceeds the allowable income range (see How much of my Traditional IRA contribution is deductible?).
• If your total contribution for 2016 exceeds $5,500 ($6,500 if you are over age 50).
• You are older than age 70 1/2.

If none of these applies, write back.