Is My IRA Contribution Deductible On My Tax Return?
Is My IRA Contribution Deductible On My Tax Return? Yes, IRA contributions are tax-deductible — if you qualify. What is the maximum deductible IRA contribution allowable? For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can’t be more than: $6,000 ($7,000 if you’re