Does adding catch-up funds to my IRA reduce my taxable income?

[Marketstar]

You may be able to reduce your taxable income by adding catch up funds to a Traditional IRA, and you have until April 17, 2018 to do so.

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 or add to an IRA

To enter an IRA into TurboTax:

·       Type in ira contributions in the search box, top right of your screen 

·       Hit the Enter key

·       Click jump to ira contributions in the search results

·       Follow the prompts and online instructions

Make sure you are past the blue Pick up where I left off button when you enter the above.