I have 401K. last year Turbo tax help me to also contribute to personal traditional IRA but not this year?

[Mega0]

What is the income limit (married filing) preventing extra contribution to IRA after 401K.

[Rachel_W · Accepted solution]

Since you are covered by an Employer Sponsored Retirement Plan, your ability to make a Deductible IRA contribution phases out when your Modified Adjusted Gross Income (MAGI) hits certain levels based on your filing status:

• Married Filing Joint or Qualified Widow: Phases out between $99,000-$119,000
• Single or Head of Household: Phases out between $62,000-$72,000
• Married Filing Separate: Phases out between $0 - $10,000. (Married individuals who live apart at all times during the year are treated as Single).

For more information check out the TurboTax FAQ below:

https://ttlc.intuit.com/replies/3301534