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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.)
‎December 15, 2025
1:06 PM