The 2024 Premier program is allowing full deductibility for both my wife and I for a traditional IRA despite the fact that our MAGI is well above the limits for MFJ and one spouse with a retirement plan at work ($146k). I think it is only considering my W-2 wages, but other income such as IRA distributions makes our MAGI well above the income limit for full deductability of a traditional IRA. My finanical advisor tells me the we can't deduct.
This is the second time I have discovered errors in TurboTax so it will be my last year using the program.
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Have you confirmed that the "Retirement plan" box on your W-2 is checked?
If so, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.
If you're using TurboTax Online:
Once you're logged in to your account,
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- click okay and you'll get another message with a token
If you're using TurboTax Desktop:
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