MindyB
Expert Alumni

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?