topic My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that his MAGI is too high but it's showing the total of both of our incomes. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-his-magi/01/2065365#M139295 Fri, 12 Mar 2021 00:06:57 GMT shan-norton 2021-03-12T00:06:57Z My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that his MAGI is too high but it's showing the total of both of our incomes. https://ttlc.intuit.com/community/retirement/discussion/my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-his-magi/01/2065365#M139295 Fri, 12 Mar 2021 00:06:57 GMT https://ttlc.intuit.com/community/retirement/discussion/my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-his-magi/01/2065365#M139295 shan-norton 2021-03-12T00:06:57Z Re: My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that hi... https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2065487#M139302 <P>It sounds&nbsp;like you might have some of your income indicate in TurboTax that it is his.&nbsp; Review your 1099R and W2 input to insure the correct taxpayers are indicated on the correct forms.&nbsp; Additionally, did you indicate on both yours and his W-2s you were cover by a retirement plan at work?&nbsp; Review box 13 on your W2s.&nbsp; That would place the maximum income level for a fully deductible IRA contribution at $104,000 with complete phase out at $124,000.&nbsp; However if all he had was unemployment in 2020 and no wages, you should be able to claim the deduction.</P> Fri, 12 Mar 2021 00:34:35 GMT https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2065487#M139302 SamS1 2021-03-12T00:34:35Z Re: My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that his MAGI is too high but it's showing the total of both of our incomes. https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-his/01/2065622#M139317 <P>There is only one MAGI on a tax return.&nbsp; On a joint tax return, it's the combined income of both spouses.</P> Fri, 12 Mar 2021 00:59:19 GMT https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-his/01/2065622#M139317 dmertz 2021-03-12T00:59:19Z Re: My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that hi... https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2084779#M140799 <P>Thank you for your reply.&nbsp; He had a 401k for the first 3 months of 2020.&nbsp; Is there any way for Turbo Tax to know this?</P> Mon, 15 Mar 2021 17:28:26 GMT https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2084779#M140799 shan-norton 2021-03-15T17:28:26Z Re: My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that hi... https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2084991#M140824 <P>The fact that he only participated in the 401(k) plan for 3 months is irrelevant, so there is no need for TurboTax to know that.&nbsp; Being covered by a workplace retirement plan at any time during the year makes him covered for the year.</P> Mon, 15 Mar 2021 17:50:49 GMT https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2084991#M140824 dmertz 2021-03-15T17:50:49Z Re: My husband is on unemployment When I enter a $3k traditional IRA cont I get a message that hi... https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2085331#M140845 <P>Seems very unfair, but such is life I guess.</P> Mon, 15 Mar 2021 18:27:13 GMT https://ttlc.intuit.com/community/retirement/discussion/re-my-husband-is-on-unemployment-when-i-enter-a-3k-traditional-ira-cont-i-get-a-message-that-hi/01/2085331#M140845 shan-norton 2021-03-15T18:27:13Z