DanaB27
Expert Alumni

Retirement tax questions

You both were covered by a retirement in 2023 and therefore the 2023 IRA Deduction Limits - Effect of Modified AGI on Deduction if You Are Covered by a Retirement P... apply. Therefore, if your MAG was more $136,000 then you will not be able to deduct the traditional IRA contribution but you still can make nondeductible traditional IRA contributions.

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