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posted Feb 28, 2021 3:39:53 PM

My wife earned approx $36000 in 2020. I contributed $5000 towards a traditional IRA. It is not showing up as deductable. It says MAGI is 184000 so not eligible

My Wife and I together earned 185000 MAGI . My wife earned approx $36000 in 2020. I contributed $5000 towards a traditional IRA. It is not showing up as deductable. It says MAGI is 184000 so not eligible

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Expert Alumni
Feb 28, 2021 3:58:50 PM

These are not the amounts for a Traditional IRA. Below are amounts for a Traditional IRA. Traditional IRA

 

Roth limits.