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New Member
posted Jun 1, 2019 11:43:00 AM

Wife is retired,I am still working. I'm covered by 401k which I contribute to. Is deductible IRA contribution avail for wife? Married filing jointly, MAGI of $129,903.Tks

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1 Best answer
Expert Alumni
Jun 1, 2019 11:43:02 AM

From the information given, your wife is eligible for a full deduction of a Traditional IRA contribution ($5,500 + $1,000 if 50 or older).

Please see this IRS document for more information:

https://www.irs.gov/retirement-plans/plan-participant-employee/2018-ira-contribution-and-deduction-l...

3 Replies
Level 15
Jun 1, 2019 11:43:00 AM

Is she over age 70.5?

New Member
Jun 1, 2019 11:43:02 AM

No, we’re both 68.

Expert Alumni
Jun 1, 2019 11:43:02 AM

From the information given, your wife is eligible for a full deduction of a Traditional IRA contribution ($5,500 + $1,000 if 50 or older).

Please see this IRS document for more information:

https://www.irs.gov/retirement-plans/plan-participant-employee/2018-ira-contribution-and-deduction-l...