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Retirement tax questions
Two things to check - first, look at your spouse's W-2 to see if the retirement plan box is checked in box 13. If so, that means there is coverage by a retirement plan and the income limits will be reduced based on the Modified Adjusted Gross Income (MAGI). Second, even if your spouse is not covered by a retirement plan at work, your MAGI seems to be too high to claim a fully deductible contribution based on the number you show in the question above.
See the following information from the IRS to learn more. Click the appropriate link based on retirement plan coverage for you and your spouse:
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‎February 23, 2025
7:30 AM