254852
turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
bkowald
New Member

Why cant i deduct an IRA contribution?

Why cant i deduct an IRA contribution? I don't have a 401K at work, but my wife does. Our MAGI is over $121,000. Its my IRA. Is it because she has a retirement plan and work that is preventing the deduction?

posted
‎June 1, 2019 1:49 PM
last updated ‎June 01, 2019 1:49 PM
0
1
1,465
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DanaB
Expert Alumni
Expert Alumni

Why cant i deduct an IRA contribution?

Yes, you can't deduct the IRA contribution since your wife was covered by a retirement plan at work and your MAGI is over $199,000. 

Please see 2018 IRA Contribution and Deduction Limits for detailed information.

View solution in original post

‎June 1, 2019 1:49 PM
0
1,405
Reply
Bookmark Icon
1 Reply
DanaB
Expert Alumni
Expert Alumni

Why cant i deduct an IRA contribution?

Yes, you can't deduct the IRA contribution since your wife was covered by a retirement plan at work and your MAGI is over $199,000. 

Please see 2018 IRA Contribution and Deduction Limits for detailed information.

‎June 1, 2019 1:49 PM
0
1,406
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics

Unlock tailored help options in your account.

Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

vicente
user17538294352
tcondon21
march142005
rpbean

Did the information on this page answer your question?

thumb-up Yes
thumb-down No
close icon
checkmark

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

and start working
on your taxes

File your taxes, your way

Get expert help
or do it yourself.

Get started
close icon
icon help

Access additional help, including our tax experts

Post your question

to receive guidance
from our tax experts and community.

Connect with an expert

Real experts - to help
or even do your taxes for you.

Get started