My wife lost her job last spring. She contributed to her 401k up until April. For the rest of the year we saved money to contribute to her IRA. But Turbotax says that we cannot deduct the IRA. Why?

jb188 · ‎June 5, 2019

macuser_22 · ‎June 5, 2019

Are you filing separately?

Does your MAGI exceed the limits in this IRS Topic:

See this IRS link for IRA deduction limits when covered by a retirement plan at work.

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...

https://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

macuser_22 · ‎June 5, 2019

Are you filing separately?

Does your MAGI exceed the limits in this IRS Topic:

See this IRS link for IRA deduction limits when covered by a retirement plan at work.

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...

https://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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My wife lost her job last spring. She contributed to her 401k up until April. For the rest of the year we saved money to contribute to her IRA. But Turbotax says that we cannot deduct the IRA. Why?