Turbotax is stating our MAGI is too high to deduct IRA contributions. saying its over the 125K. We are married filing joint. Isn't the MAGI limit higher?

[jeschien1]

What is the MAGI limit (2021) for married filing jointly, to be able to deduct IRA contributions?

[DaveF1006]

It depends on whether you covered by a retirement plan at work. According to the IRS,:

• You can take a full deduction if combined income is $105,000 or less.
• $105-$125K, a partial deductions 
• $125K or more, no deduction.

If not covered by a retirement plan,

• You can take a full deduction if combined income is $198,000 or less.
• $198-$208K, a partial deductions 
• $208K or more, no deduction

if you aren't covered by a retirement plan, you may have selected that you were and this may prevent you from claiming the contributions.

[neenergrl3]

If you do not contribute to your 401k (retirement plan) thru work for the whole tax year, should you still get full credit for an IRA contribution.  Thank you,

[DanaB27]

Yes, if you (and your spouse if you are married) don't have a retirement plan at work then you should get the full deduction on Schedule 1 line 20 for your traditional IRA contribution.

Please see IRA deduction limits for details.