dmertz
Level 15

Deductions & credits

"Can spouse deduct Traditional IRA if only one spouse has a 401(k) and income is over $500k?"

 

No.  In this case, neither spouse's traditional IRA contribution for 2025 is permitted to be deducted if filing jointly and MAGI is above $246,000.  ($240,000 is the MAGI limit that applies to traditional IRA contributions made for 2024.)