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Old 02-05-2005, 01:46 PM
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tiedeman tiedeman is offline
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IRA's and Deductions?

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.

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Old 02-05-2005, 02:26 PM
T Edwards T Edwards is offline
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1040 Instructions
P.27 IRA Deduction Worksheet
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Old 02-05-2005, 03:29 PM
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tiedeman tiedeman is offline
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much thanks
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Old 02-05-2005, 05:51 PM
jcr4au jcr4au is offline
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I dont have a link but I am pretty confident for a sole pro. it is 25% or $40K of your net income.
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