DanaB27
Expert Alumni

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:

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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