Can I make a IRA contribution off of TurboTax and does it come out of my refund? There was a link that popped up when I started my return previously, I can't find it now.

[Marketstar]

Yes, but an IRA contribution must be made with an out of pocket contribution.

To make an IRA contribution, you must set up an account with a financial institution such as a bank, brokerage firm, or mutual fund company such as Fidelity or Vanguard.

When you enter a contribution into TurboTax, the program will let you know if and how much of the contribution is deductible- you can then view the result 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, hit the Enter key

·         Click the jump to ira contributions link in the search results.

·         Follow the onscreen instructions to enter