Yes, this is correct if your spouse had no retirement plan at work but you do then your spouse's traditional IRA contribution will be 100% deductible if your MAGI is less than $198,000. Your deduction will be limited starting at $105,000 since you have a retirement plan at work. Please see IRA deduction limits for details.
Please make sure that the box 13 retirement isn't checked on your spouse's W-2:
- Click on "Search" on the top right and type “W-2”
- Click on “Jump to W-2”
Another location to check is during the IRA contribution interview. Please make sure you select "no" for you when TurboTax asks if your spouse had a retirement plan at work:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “traditional IRA”
- On the "Retirement Plan Coverage?" screen (for you) answer "Yes"
- On the "Retirement Plan Coverage?" screen (for spouse) answer "No"
[Edited 4/92022 | 7:31am PST]
@Harry3
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