We are filing jointly, I did not have any income in 2017, and my spouse is covered by a retirement plan at work. What is the limit on Adjusted Gross Income for making an IRA contribution in my name to take a deduction? How much can I contribute for tax year 2017?
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If you didn't participate in another retirement plan, but your spouse did, and you're:
For 2017 your total contributions to all of your traditional and Roth IRAs cannot be more than:
Note that if your MAGI (Modified Adjusted Gross Income) is:
[From: https://ttlc.intuit.com/questions/1900757-how-much-of-my-traditional-ira-contribution-is-deductible]
Here's how to report a IRA contributions:
1. Go to Federal, select Deductions and Credits.
2. Select Retirement and Investments, select Traditional and Roth Contributions.
3. From here you will follow the pages and answer the questions. Your wife's contributions from her work will be automatically pre-filled in this area.
If you didn't participate in another retirement plan, but your spouse did, and you're:
For 2017 your total contributions to all of your traditional and Roth IRAs cannot be more than:
Note that if your MAGI (Modified Adjusted Gross Income) is:
[From: https://ttlc.intuit.com/questions/1900757-how-much-of-my-traditional-ira-contribution-is-deductible]
Here's how to report a IRA contributions:
1. Go to Federal, select Deductions and Credits.
2. Select Retirement and Investments, select Traditional and Roth Contributions.
3. From here you will follow the pages and answer the questions. Your wife's contributions from her work will be automatically pre-filled in this area.
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