155588
In previous years, TurboTax took all the W-2 data and simply told me how much more I could contribute to my IRA in order to increase my refund. The section is different now. Not sure if my payroll deductions have already been factored in on the "Tell Us How Much You Contributed" step.
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The Retirement contributions made through payroll are already counted and entered when the W-2 is entered.
So do not enter these again.
Go to Federal Taxes
Deductions and Credits
I'll chose what I work on
scroll down to Retirements and Investments and then to subheading Traditional and Roth IRA's.
Enter the max allowed and then TurboTax will tell you if you can do it or not, and it will also show the impact on the tax return.
The Retirement contributions made through payroll are already counted and entered when the W-2 is entered.
So do not enter these again.
Go to Federal Taxes
Deductions and Credits
I'll chose what I work on
scroll down to Retirements and Investments and then to subheading Traditional and Roth IRA's.
Enter the max allowed and then TurboTax will tell you if you can do it or not, and it will also show the impact on the tax return.
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