I am not being permitted to deduct my traditional ira because MAGI is $128,873 but we are NOT covered by a retirement plan at work. How do I fix this?

juantalissa · ‎April 18, 2022

my traditional ira contribution should be deductible

FangxiaL · ‎April 18, 2022

If you have W-2 forms entered in TurboTax, make sure Box 13 Retirement Plan is not checked.

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FangxiaL · ‎April 18, 2022

If you have W-2 forms entered in TurboTax, make sure Box 13 Retirement Plan is not checked.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

fanfare · ‎April 18, 2022

not having a retirement plan doesn't help you with the AGI limits for deducibility.

You either file Form 8606 or you ask the custodian to reverse that contribution.

juantalissa · ‎April 18, 2022

Perfect! That solved the problem, thank you!

Do you have an Intuit account?