To clarify we may need additional information to know your exact question. Some details about a traditional IRA are included here for you. For 2022, 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $6,000 ($7,000 if you're age 50 or older), or If less, your taxable compensation for the year IRA Deduction Limits 2021 (and 2022) The following link will provide instruction to enter your contribution in TurboTax. Then TurboTax will calculate the allowable deduction. Where do I enter my traditional IRA in TurboTax? Please update here if you need further assistance and one of our tax experts will help.

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bguddeck

Level 2

Question

Traditional IRA

Forum|Forum|4 years ago
March 23, 2022
5 replies
21 views

No text available

DianeW777

Level 15

To clarify we may need additional information to know your exact question. Some details about a traditional IRA are included here for you.

For 2022, 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

$6,000 ($7,000 if you're age 50 or older), or
If less, your taxable compensation for the year
IRA Deduction Limits 2021 (and 2022)

The following link will provide instruction to enter your contribution in TurboTax. Then TurboTax will calculate the allowable deduction.

Where do I enter my traditional IRA in TurboTax?

Please update here if you need further assistance and one of our tax experts will help.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

bguddeckAuthor

Level 2

I did not go over the $6000 number in any of those years. I am just asking why my refund amount drop significantly when I entered the value of my Traditional IRA. I have done 8606 forms each year also. thanks