Traditional IRA Deduction Amounts
If you participate in your employer's retirement plan, your deduction for contributions
to a traditional IRA may be limited, depending on the amount of your modified AGI. Check
the tables below for the limitations that apply to you.
2008 Traditional IRA Deductions (when covered by a retirement plan at work) |
|||
Modified AGI |
Single or HH |
MFJ* or QW |
MFS** |
$0–$9,999 |
Full deduction |
Full deduction |
Deduction may be limited |
$10,000–$52,999 |
Full deduction |
Full deduction |
No deduction |
$53,000–$62,999 |
Deduction may be limited |
Full deduction |
No deduction |
$63,000–$84,999 |
No deduction |
Full deduction |
No deduction |
$85,000–$104,999 |
No deduction |
Deduction may be limited |
No deduction |
$105,000 or more |
No deduction |
No deduction |
No deduction |
*Even if your spouse is not covered by a plan at work.
**If you did not live with your spouse at any time during the year, use the Single column to determine your IRA deduction.
**If you did not live with your spouse at any time during the year, use the Single column to determine your IRA deduction.
2008 Traditional IRA Deductions (when NOT covered by a retirement plan at work) |
||||
Modified AGI |
Single or HH |
MFJ (spouse is covered by a plan) |
MFJ, MFS* or QW (spouse is not covered by a plan) |
MFS* or QW (spouse is covered by a plan) |
$0–$9,999 |
Full deduction |
Full deduction |
Full deduction |
Deduction may be limited |
$10,000–$158,999 |
Full deduction |
Full deduction |
Full deduction |
No deduction |
$159,000–$168,999 |
Full deduction |
Deduction may be limited |
Full deduction |
No deduction |
$169,000 or more |
Full deduction |
No deduction |
Full deduction |
No deduction |
*You are entitled to the full deduction if you did not live with your spouse at any time during the year.
Note: The partial deduction has a $200 floor. For example, if your deduction would have been reduced to less than $200 but more than 0, you can deduct contributions up to $200 or 100% of your taxable compensation, whichever is less. If the deduction is completely phased out (reduced to 0), no deduction is allowed.
2009 Traditional IRA Deductions (when covered by a retirement plan at work) |
|||
Modified AGI |
Single or HH |
MFJ* or QW |
MFS** |
$0–$9,999 |
Full deduction |
Full deduction |
Deduction may be limited |
$10,000–$54,999 |
Full deduction |
Full deduction |
No deduction |
$55,000–$64,999 |
Deduction may be limited |
Full deduction |
No deduction |
$65,000–$88,999 |
No deduction |
Full deduction |
No deduction |
$89,000–$108,999 |
No deduction |
Deduction may be limited |
No deduction |
$109,000 or more |
No deduction |
No deduction |
No deduction |
*Even if your spouse is not covered by a plan at work.
**If you did not live with your spouse at any time during the year, use the Single column to determine your IRA deduction.
**If you did not live with your spouse at any time during the year, use the Single column to determine your IRA deduction.
2009 Traditional IRA Deductions (when NOT covered by a retirement plan at work) |
||||
Modified AGI |
Single or HH |
MFJ (spouse is covered by a plan) |
MFJ, MFS* or QW (spouse is not covered by a plan) |
MFS* or QW (spouse is covered by a plan) |
$0–$9,999 |
Full deduction |
Full deduction |
Full deduction |
Deduction may be limited |
$10,000–$165,999 |
Full deduction |
Full deduction |
Full deduction |
No deduction |
$166,000–$175,999 |
Full deduction |
Deduction may be limited |
Full deduction |
No deduction |
$176,000 or more |
Full deduction |
No deduction |
Full deduction |
No deduction |
*You are entitled to the full deduction if you did not live with your spouse at any time during the year.
Note: The partial deduction has a $200 floor. For example, if your deduction would have been reduced to less than $200 but more than 0, you can deduct contributions up to $200 or 100% of your taxable compensation, whichever is less. If the deduction is completely phased out (reduced to 0), no deduction is allowed.