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Are IRA contributions deducted when calculating gross income for dependent status?

Forum|Forum|5 years ago
October 19, 2020
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Best answer by Critter-3

Thanks for the quick replies. What confused me is there is no line titled “gross income“ on the 1040, and IRA contribution deductions are factored into Adjusted Gross Income.

You are correct but you need to use some IRS logic ... it is called total income ... next line are the total adjustments ... which makes the next line the AGI... so if you work backward the total income line is the gross income if after adjustments it is the AGI.

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macuser_22

Employee

Explain what you are asking.

IRA contributions have nothing to do with a dependent.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

VolvoGirl

Employee

They probably want to know if they can deduct IRA contributions to get under the 4,200 income to be claimed as a dependent.

macuser_22

Employee

The answer to that is NO. Only taxable compensation can be used for a IRA contribution and any taxable compensation, by definition, is income included in the $4,200 limit.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**