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Get your taxes done using TurboTax
"I am not covered by a retirement plan."
If neither you nor your spouse is covered by a workplace retirement plan, there is no MAGI limit for being able to deduct a traditional IRA contribution. My test file includes a W-2 showing enough compensation ($50,000) to support an IRA contribution and has box 13 Retirement plan marked.
‎April 5, 2024
1:19 PM