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B
bkhillman
April 10, 2020
Question

Traditional IRA Contribution

  • April 10, 2020
  • 1 reply
  • 0 views

My income is high enough to enable me to invest $7000 in a Traditional IRA. When I add that to my taxes, the taxable income should decrease since the Traditional IRA is pre-tax. It didn't. I am confused.

1 reply

M
mglauner
April 10, 2020

Have you finished entering all your Income, Deductions and Credits?  

 

You may want to review your IRA Contribution entry.  Click this link for info on Reporting IRA Contributions. 

 

Since we can't see your return in this forum, here's a link to IRA Contributions you may find useful.

 

 

 

 

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