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Level 1

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.

1 Reply
Level 1

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

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: