TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Is my traditional IRA contribution deductible?

Forum|Forum|1 year ago
March 26, 2025
1 reply
0 views

I'm not sure if the AGI limit applies to my situation.

I am married filing jointly. I left my job in Jan, and contributed to a Roth 401K. I am NOT going to be working for the rest of the year and will have 1099R income. Estimated total income (from job and 1099R) will be north of $250K, will a traditional IRA contribution be deductible?

Not A Product Question

Since you won't be covered by an employer plan for most of 2025, you may be able to deduct your traditional IRA contributions regardless of your income, as long as both you and your spouse are not covered by a retirement plan at work

For 2025 an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the phase-out range is increased to between $236,000 and $246,000.