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Deductions & credits
Yes, your deduction might be limited if you are having a retirement account at work please see IRA deduction limits.
Can you please check line 20 on Schedule 1 if the deduction shows correctly? It should only show your wife's full deduction (if your MAGI is less than 198,000).
Where are you seeing the tax savings?
To preview Form 1040:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
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March 8, 2022
5:42 AM