What Can I Write Off on My Taxes? A Guide to Tax Deductions

What Can I Write Off on My Taxes? A Guide to Tax Deductions


Although IRS rules don’t allow deductions for Roth IRA contributions, you might be able to claim the amount that you put in a traditional IRA.

For 2022, you can take a deduction up to the full amount of allowable contributions, which is $6,500 — or $7,500 if you’re age 50 or older – as long as you (and your spouse, if you’re married) don’t have an employer-based retirement account, or if you’re single and your adjusted gross income is less than $73,000 a year.



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