cstan222
Returning Member

Retirement tax questions

And the MAGI limits are combined? If spouse 1 is participating and spouse 2 isn't, spouse 1 can only contribute if their combined MAGI is less than $129k and spouse 2, if their combined MAGI is less than $214k?

 

In our situation, our combined MAGI is above $214k, but my individual income is less than $129k. And we both participate in a 401k. Does that mean neither of us can deduct a contribution, or just I can?