My total wages for filing married jointly is 121,830.....is there any way to reduce the MAGI below 121,000 to take the IRA deduction (e.g. contributing $3,000 to an IRA)?

cmsdw2019 — Tue, 04 Jun 2019 21:10:25 GMT

No. There is no way to sufficiently reduce your MAGI to...

dmertz — Tue, 04 Jun 2019 21:10:26 GMT

No. There is no way to sufficiently reduce your MAGI to enable you to fully deduct a $3,000 traditional IRA contribution.

Make a Roth IRA contribution instead. Even if you were eligible to deduct a traditional IRA contribution, the growth in a Roth IRA that will be tax free once requirements are met will likely be more beneficial in the long run than a tax deduction now and taxable distributions later.

topic My total wages for filing married jointly is 121,830.....is there any way to reduce the MAGI below 121,000 to take the IRA deduction (e.g. contributing $3,000 to an IRA)? in Retirement tax questions

My total wages for filing married jointly is 121,830.....is there any way to reduce the MAGI below 121,000 to take the IRA deduction (e.g. contributing $3,000 to an IRA)?

No. There is no way to sufficiently reduce your MAGI to...