I'm 73 years old, working part time and receiving Social Security Income.
When finishing up by taxes for 2022, Turbotax suggests that I can decrease my tax bill by contributing to an IRA.
I'm pretty sure I've read in IRS publications that I'm no longer eligible for a deductible IRA contribution because of my age.
Is Turbotax correct on this suggestion?
For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.
IRS website - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits
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