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I'm married filing jointly with a MAGI of $173k, but i am not getting the IRA contribution deduction. I thought the 2019 limit for MAGI married filing jointly is $196k? ''

 
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3 Replies
LinaJ2020
Expert Alumni

I'm married filing jointly with a MAGI of $173k, but i am not getting the IRA contribution deduction. I thought the 2019 limit for MAGI married filing jointly is $196k? ''

What type of deductions are you referring to?

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I'm married filing jointly with a MAGI of $173k, but i am not getting the IRA contribution deduction. I thought the 2019 limit for MAGI married filing jointly is $196k? ''

yeesh, forgot to specify  - IRA contributions

ThomasM125
Expert Alumni

I'm married filing jointly with a MAGI of $173k, but i am not getting the IRA contribution deduction. I thought the 2019 limit for MAGI married filing jointly is $196k? ''

I believe you are referring to the limits for a ROTH IRA. For a traditional IRA, the limit for married filers is $123,000 in 2019.

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