AnnetteB6
Employee Tax Expert

Get your taxes done using TurboTax

Yes, you are correct.  As long as your MAGI is $218,000 or less (for 2023), you will be able to deduct your Traditional IRA contribution.  

 

The link shared above by DanaB27 will give you more information.

 

@danilol 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"