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craigmoss64
February 28, 2021
Question

My wife earned approx $36000 in 2020. I contributed $5000 towards a traditional IRA. It is not showing up as deductable. It says MAGI is 184000 so not eligible

  • February 28, 2021
  • 1 reply
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My Wife and I together earned 185000 MAGI . My wife earned approx $36000 in 2020. I contributed $5000 towards a traditional IRA. It is not showing up as deductable. It says MAGI is 184000 so not eligible

1 reply

ColeenD3
ColeenD3
February 28, 2021

These are not the amounts for a Traditional IRA. Below are amounts for a Traditional IRA. Traditional IRA

 

Roth limits.

 

 

 

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