You'll need to sign in or create an account to connect with an expert.
I have an error in turbo tax. It is not separating my modified adjusted gross income to myself and spouse. It is picking up all of our MAGI for my husband and none to me. (We both have w-2's)
I have an error in turbo tax. It is not separating my modified adjusted gross income to myself and spouse. It is picking up all of our MAGI for my husband and none to me. (We both have w-2's)
That's quite possible. If your husband is eligible to be enrolled in an employer sponsored retirement plan (401k, 403b, etc) then his traditional IRA contribution may be partially deductible or not deductible at all.
This depends on your income. If he is eligible, he must have adjusted gross income of $99,000 or less for married couples filing jointly for his to be contribution to be fully deductible with a phaseout a $119,000.
If you didn't participate in another retirement plan, but your spouse did, and you're Married Filing Jointly, the phase-out range is $186,000 – $196,000
Please feel free to post any additional details or questions in the comment section.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dkdiddy
New Member
dsaucier88
New Member
jserratos1
New Member
blavenets
New Member
optca50
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.