how to find out the IRA CONTRIBUTIONS DEDUCTIBLE AMOUNT?

To determine the deductible amount for your IRA contributions, follow these steps:

TurboTax:

• Enter IRA Contributions: Report your traditional IRA contributions in TurboTax. The software will calculate your deductible amount based on your income and whether you are covered by a retirement plan at work.  Instructions at this link to enter IRA Contributions.
• Deduction Limits: TurboTax provides guidance on deduction limits and eligibility

IRS:

• Income Limits: The IRS sets income limits for deductible IRA contributions. For 2024, if your modified adjusted gross income (MAGI) is $77,000 or less (single) or $123,000 or less (married filing jointly), you can take a full deduction. For 2025, these limits are $79,000 or less (single) and $126,000 or less (married filing jointly).
• Deduction Worksheets: Use IRS worksheets to calculate your deductible amount based on your MAGI

For more details, check out these links:

• TurboTax Deduction Limits
• IRS 2024 IRA Deduction Limits
• IRS 2025 IRA Deduction Limits