TurboTax recommends a contribution, however, how much you can deduct for IRA contributions is based on your MAGI, filing status, and whether you and your spouse have a workplace savings plan.
Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
