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Get your taxes done using TurboTax
His traditional IRA deductions are limited according to these rules: IRA Deduction if You ARE Covered by a Retirement Plan at Work - 2023. Therefore, he won't get a deduction if the MAGI is more than $136,000.
Your deductions are limited according to these rules: IRA Deduction if You Are NOT Covered by a Retirement Plan at Work - 2023 but your spouse is covered by a retirement plan. Therefore, you can deduct the full amount since your MAGI is under $218,000.
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‎February 17, 2024
3:03 PM