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Will consenting to check my IRA take my income taxes?

If I choose OK for the IRA tax deduction what am exactly concenting to?
1 Reply

Will consenting to check my IRA take my income taxes?

You are agreeing to have TurboTax review your tax information to see if you qualify for an IRA deduction and the tax impact of doing so.  It does not obligate you to contribute to an IRA for the tax year. It will give you the choice of going to Mint.com for an IRA advisor.  If you do decide to open an IRA you can go to any IRA provider and do NOT have to use the one suggested in TurboTax.  Mint.com is just there to make it more convenient for you.  

This IRA contribution tool is designed to show you the impact of taking the IRA deduction on your taxes.  

Be cautious about putting the IRA deduction on your return unless you are absolutely sure you are going to make the contribution to your IRA by the due date of the return (April 18, 2017 for the 2016 tax return).  

To learn more about TurboTax Privacy practices click on this link:  https://ttlc.intuit.com/questions/2922841-learn-more-about-turbotax-privacy

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