View Full Version : IRA's and Deductions?

02-05-2005, 12:46 PM
I am trying to find some info on the IRS website about how much I contribute to an IRA, that I can deduct from my taxes that I owe. Anybody have any advice or where I can find it on the site please let me know.


T Edwards
02-05-2005, 01:26 PM
1040 Instructions
P.27 IRA Deduction Worksheet

02-05-2005, 02:29 PM
much thanks

02-05-2005, 04:51 PM
I dont have a link but I am pretty confident for a sole pro. it is 25% or $40K of your net income.