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Level 1
posted Feb 22, 2020 10:12:25 AM

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
Expert Alumni
Feb 22, 2020 10:58:02 AM

What type of deductions are you referring to?

Level 1
Feb 24, 2020 12:25:58 PM

yeesh, forgot to specify  - IRA contributions

Expert Alumni
Feb 24, 2020 12:34:08 PM

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.