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April 15, 2025
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IRA Contribution Not Reducing Tax - Married Filing Joint

  • April 15, 2025
  • 1 reply
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We are filing a joint return. I am covered by a retirement plan but my spouse is not. We are contributing $8,000 to his IRA but it is not allowing the full deduction.

His W-2 has no marks in Box 12 for retirement plans.

Any help would be appreciated.

Best answer by dmertz

Because you are covered by a retirement plan at work, the result in TurboTax implies that your MAGI for this purpose is above the $230,000 threshold where your spouse's traditional IRA contribution begins to become nondeductible, becoming fully nondeductible at $240,000 of MAGI.

1 reply

dmertzAnswer
April 15, 2025

Because you are covered by a retirement plan at work, the result in TurboTax implies that your MAGI for this purpose is above the $230,000 threshold where your spouse's traditional IRA contribution begins to become nondeductible, becoming fully nondeductible at $240,000 of MAGI.