Ira contribution

[jmirza7865]

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

[Marketstar · Accepted solution]

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