Here are more details on how your contribution to a traditional IRA is determined for deduction purposes:
If you or your spouse are Not Covered by a Retirement Plan at Work: Full deduction regardless of income
Retirement Plan at Work: If you or your spouse are covered by a retirement plan at work, your deduction may be limited based on your income. - Click here to see income limits
Contribution Limits: The IRS sets annual limits on how much you can contribute to your IRA. For 2024, IRA contribution limits; $7,000 ($8,000 if you're age 50 or old
For more comprehensive information, you can refer to the IRS guidelines
For more details, you can check the IRS guidelines and TurboTax tip
