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New Member
posted Jun 1, 2021 5:04:11 PM

My AGI was $74000. My $4000 IRA contribution was not deductible. With $7200 of unemployment, will that be now deductible?

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2 Replies
Level 15
Jun 1, 2021 5:21:46 PM

deleted.

Level 15
Jun 1, 2021 5:33:50 PM

No.   The IRA deduction limit is calculated on the original AGI before applying the unemployment adjustment per the American Rescue Plan.