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UPDATED FOR TAX YEAR 2019
It's the second--$119,000 if you are covered by a retirement plan.
Since you do not have a retirement plan "at work" you should be able to take the full deduction of $11,500, as long as one of you is over 50. Annual contribution limits per person are $6,000 ($7,000 if you are over 50).
In IRS Pub 590-A -- Contributions to Individual Retirement Arrangements (IRAs) , Tables 1-2 and 1-3 ( on page 13) show the effects on an IRA deduction if you are covered and not covered by a retirement plan at work.
I suggest going back through the IRA section of the interview. Also, if you have any W-2s entered make sure Box 13 is not checked for Retirement Plan.
[Edited | 4/13/2020 | 12:05 am PDT]
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