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Retirement tax questions
Another related issue, and wondering if Turbo Tax Tax Expert software personnel have read the 2023 IRS Publication 590a, changes as copied from IRS website "What's new for 2023."
Modified AGI limit for certain married individuals increased.
If you are married and your spouce is covered by a retirement plan at work and you aren't, and you live with your spouse or file a joint return, your deduction is phosed out if your modified AGI is more than $218,ooo (up form $204,000 for 2022) but less than $228,000 (up from $214,000 for 2022).
Turbo Tax Online seems to ignore this IRS provision for "certain married individuals."
March 17, 2024
4:44 AM