IRA CONTRIBUTIONS

Forum|Forum|5 years ago
April 20, 2021
1 reply
1 view

I have a 401(k) plan at work and my wife doesn't. Our MAGI is about $146k. Why she can't contribution to IRA?

Technical Help

ErnieS0

Level 15

Your wife can contribute to an IRA . Check your entries. Make sure the retirement box is not checked on her W-2. Also make sure you are putting the contribution under her name in TurboTax.

Type ira contributions in Search in the upper right
Select Jump to IRA Contributions
Choose Traditional or Roth for your wife

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kgchowAuthor

Level 2

Thanks ErnieS0. Yes, I followed the steps instructed by TurboTax. It created a none deductible IRA form. I even called TurboTax Support Center. The tax expert was no help at all and hung up on me twice. I gave up with them.

ThomasM125

Level 15

I just ran your scenario through TurboTax and I was allowed the deduction. It could be that something is not processing properly in the program. You can try deleting your spouse's W-2 form and deleting the IRA contribution and re-entering those again.

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