Hello,
I am filing jointly with my spouse, and I am covered by my employer retirement plan but not my spouse. In deductions & Credits for IRA contributions, tax system is considering both are retirement plan covered (i.e considering modified AGI limit of $109K limit not $204K)
Can you please clarify what could be the reason and fix? Thanks.
Link:
Publication 590-A (2022), Contributions to Individual Retirement Arrangements (IRAs) | Internal Reve...
Modified AGI limit for certain married individuals.
If you are married and your spouse is covered by a retirement plan at work and you aren’t, and you live with your spouse or file a joint return, your deduction is phased out if your modified AGI is more than $204,000 (up from $198,000 for 2021) but less than $214,000 (up from $208,000 for 2021). If your modified AGI is $214,000 or more, you can’t take a deduction for contributions to a traditional IRA.
