topic How much of my Traditional IRA contribution is deductible in Retirement tax questions

How much of my Traditional IRA contribution is deductible

tianshuibiao — Tue, 10 Feb 2026 11:18:53 GMT

I was covered by an employer-sponsored 401K for half of 2023, and my wife was not covered by any. We made $7500K to her traditional IRA, like we did last few years. However, we didn't get any deduction for that amount in 2023, while we used to get full amount deduction. Could you please advise why?

Thank you

Re: How much of my Traditional IRA contribution is deductible

dmertz — Mon, 19 Feb 2024 12:12:47 GMT

Due to you being covered by a workplace retirement plan at some time in 2023 and filing jointly, you are not eligible for a deduction for your wife's 2023 traditional IRA contribution if your modified AGI for the purpose exceeds $228,000.

https://www.irs.gov/retirement-plans/2023-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-not-covered-by-a-retirement-plan-at-work