Ira contribution

Forum|Forum|7 years ago
June 5, 2019
1 reply
2 views

Is there a tool I can use to estimate how much more my return might be with adding an ira deductible contribution?

TurboTax Deluxe Online

Best answer by Marketstar

When you enter a contribution into TurboTax, the program will let you know if and how much of the contribution is deductible-you will see the difference, if any on the refund meter..

You should make the above determination before you purchase an IRA

To report a Roth or Traditional IRA in TurboTax:

Type in ira contributions in the search box, top right of your screen, then click the magnifying glass
Click the jump to ira contributions link in the search results.
Follow the onscreen instructions to enter

MarketstarAnswer

Level 12

When you enter a contribution into TurboTax, the program will let you know if and how much of the contribution is deductible-you will see the difference, if any on the refund meter..

You should make the above determination before you purchase an IRA

To report a Roth or Traditional IRA in TurboTax:

Type in ira contributions in the search box, top right of your screen, then click the magnifying glass
Click the jump to ira contributions link in the search results.
Follow the onscreen instructions to enter