These answers did not help. One said "Turbo Tax will calculate this for you." Thanks, but I need to see the table so I can plan for 2019.
Only contributions to a traditional IRA can be deducted on your return. For 2018 the most that can be contributed to a traditional IRA is the smaller of:
In 2019, Traditional and Roth IRA contribution limits will go up by $500
to $6,000 in 2019. The age 50 catch up limit is fixed by law at $1,000 in all years.
Even though you are covered by a retirement plan, you can still contribute to a traditional IRA and get a deduction -- it just may be reduced.
If you are--
Single, and your modified adjusted gross income is:
Married filing joint return, and your modified adjusted gross income is:
Married filing separately*, and your modified adjusted gross income is:
[NOTE: There is no impact on Roth IRA contributions if you are covered by an employer retirement plan. These contributions, however, are not deductible on your return.]
For 2019, if you are covered by a retirement
plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is:
• More than $103,000 but less than $123,000 for a married couple filing a joint return or a qualifying widow(er),
• More than $64,000 but less than $74,000 for a single individual or head of household, or
• Less than $10,000 for a married individual filing a separate return. Modified AGI
To calculate your reduced IRA deduction, see page 15 of IRS Publication 590-A - Contributions to Individual Retirement Arrangements (IRAs)
For more details on IRAs, please see the following IRS Publications: