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Retirement tax questions
It sounds like your income may be too high. IRA contributions are only partially deductible when your Modified Adjust Gross Income (MAGI) falls in a certain range, which depends on your filing status. For a single, in 2024 that range is $77,000 - $87,000.
For more information and the ranges for all filing statuses, see: Is an IRA contribution deductible?
March 22, 2025
2:35 PM