MinhT1
Expert Alumni

Deductions & credits

It depends on your joint Modified Adjusted Gross Income.

 

She is considered as considered as covered by a retirement plan at work (her 401(k)).

 

She can take a full deduction up to $104,000 of MAGI, a reduced deduction between $104,000 and $124,000 of MAGI and no deduction above $124,000.

 

Please read this IRS document.

 

As for you, you are not covered by a retirement at work but are filing jointly with a spouse who is covered. Your deduction may also be limited by your MAGI.

 

Please read this IRS document.

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