DianeC958
Expert Alumni

Deductions & credits

When you are filing as Married Filing Separate there are many credits and limits that are lower.  One of these limits is the income amount for being able to deduct a contribution to an IRA.

 

Married Filing Separate the phase-out for being able to deduct an IRA contribution begins at $0 and ends at $10,000.  Once you have $10,000 of income you are no longer able to deduct a contribution to an IRA account.

 

Link to Table on IRS web site about IRS Deduction Limits

 

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