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I have w2 income only this year and I need to deduct my IRA contributions, which version of Turbo Tax do I need to buy?

I use Turbo Tax but this year a lot is simpler and I only have w2 income but also have IRA contributions to deduct. I need to know which version of Turbo Tax to go with when I file with you

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Accepted Solutions
LinaJ2018
Intuit Alumni

I have w2 income only this year and I need to deduct my IRA contributions, which version of Turbo Tax do I need to buy?

I will recommend the Deluxe edition.  With the new tax reform this year, the deduction of IRA contribution will be reported on Schedule 1, which the free edition does not support. 

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3 Replies
LinaJ2018
Intuit Alumni

I have w2 income only this year and I need to deduct my IRA contributions, which version of Turbo Tax do I need to buy?

I will recommend the Deluxe edition.  With the new tax reform this year, the deduction of IRA contribution will be reported on Schedule 1, which the free edition does not support. 

I have w2 income only this year and I need to deduct my IRA contributions, which version of Turbo Tax do I need to buy?

Thanks for your reply,, Much appreciated~
LinaJ2018
Intuit Alumni

I have w2 income only this year and I need to deduct my IRA contributions, which version of Turbo Tax do I need to buy?

You are very welcome!

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