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New Member
posted Dec 19, 2022 1:40:04 PM

Can Traditional IRA contribution reduce my AGI?

Can Traditional IRA contribution reduce my AGI

0 2 354
2 Replies
Level 15
Dec 19, 2022 1:47:10 PM

Yes

Level 15
Dec 19, 2022 1:47:11 PM

Depends on your AGI and if you have an employer retirement plan. Read details here. 
https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work