Why weren't we eligible to contribute to traditional IRA? Our AGI for 2017 was $123,500, we're fillling married jointly, TurboTax page said, not eligible for tIRA, why?

[SweetieJean · Accepted solution]

https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-i...

[ankit720]

Thanks, I got confused between roth and traditional limits.

[Hal_Al]

You are eligible to contribute to a traditional IRA, no matter what your income. The ability to deduct what you contributed is controlled by AGI and whether you and/or your spouse have a retirement plan at work, including 401k.