wrigley
Full time employment: Posting here.
Is anyone aware of any software issues with H&R Block (2014 filing year) tax software?
Here's my issue:
I owe this year.
We are filing married filing jointly.
My wife and I are both covered by a retirement plan 401k at work.
Our AGI is above $116,000.
Yet.....when I enter an ADJUSTMENT amount of $6000 for a 2014 IRA contribution (I have until April 15th 2015 to do this) the program calculation reduces what I owe by almost $1500.00.
According to IRS website if you are covered by a retirement plan at work, and your AGI is more than $116,000, you DO NOT qualify for an IRA deduction.
Publication 590-A (2014), Contributions to Individual Retirement Arrangements (IRAs)
Thanks
Mike
Here's my issue:
I owe this year.
We are filing married filing jointly.
My wife and I are both covered by a retirement plan 401k at work.
Our AGI is above $116,000.
Yet.....when I enter an ADJUSTMENT amount of $6000 for a 2014 IRA contribution (I have until April 15th 2015 to do this) the program calculation reduces what I owe by almost $1500.00.
According to IRS website if you are covered by a retirement plan at work, and your AGI is more than $116,000, you DO NOT qualify for an IRA deduction.
Publication 590-A (2014), Contributions to Individual Retirement Arrangements (IRAs)
Thanks
Mike