Wife submitted $6500 to IRA (over 50). Combined income prevents us from deducting. Should we file separately?

Wife income is within the income limit to deduct IRA contribution.

posted

Most likely this will not help to get a deduction since for married filing separately the deduction is disallowed with income of more than $10,000 MAGI.

Please see below for additional information:

IRA Deduction if You ARE Covered by a Retirement Plan at Work - 2018
IRA Deduction if You Are NOT Covered by a Retirement Plan at Work - 2018 (deduction is limited only if your spouse IS covered by a retirement plan)

Total contribution is about 1k to retirement via my work. Do I need a separate form for deductions on that money, or is it included in box G-12 on my W2? Different? Same?

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Wife submitted $6500 to IRA (over 50). Combined income prevents us from deducting. Should we file separately?

Wife submitted $6500 to IRA (over 50). Combined income prevents us from deducting. Should we file separately?

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Wife submitted $6500 to IRA (over 50). Combined income prevents us from deducting. Should we file separately?

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Wife submitted $6500 to IRA (over 50). Combined income prevents us from deducting. Should we file separately?

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