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One of us is covered by a retirement plan at work so we should fall into the MAGI under $218,000 for tranditional IRA contributions.
Hello,
We would like to contribute $7,500 each (MFJ) into a traditional IRA before 4-15-24. That section in turbo tax indicates that our MAGI is over $136,000 so we don't qualify. But, only one of us is covered by a retirement plan so it seems we should fall into the $218,000 or less category. Also, can we contribute between 1-1-24 and 4-15-24 or did it need to be regular contributions to qualify? Thank you for the help!
Dan
Topics:
‎February 15, 2024
3:44 PM