2022 Traditional IRA Deduction Limits — You are covered by a retirement plan at work
Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
Single individuals | ≤ $68,000 | Full deduction up to the amount of your contribution limit |
> $68,000 but < $78,000 | Partial deduction (calculate) | |
≥ $78,000 | No deduction | |
Married (filing joint returns) | ≤ $109,000 | Full deduction up to the amount of your contribution limit |
> $109,000 but < $129,000 | Partial deduction (calculate) | |
≥ $129,000 | No deduction | |
Married (filing separately)* | ||
< $10,000 | Partial deduction | |
≥ $10,000 | No deduction |
2022 Traditional IRA Deduction Limits — You are NOT covered by a retirement plan at work
Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
Single, head of household, or qualifying widow(er) | any amount | A full deduction up to the amount of your contribution limit |
Married filing jointly or separately with a spouse who is not covered by a plan at work | any amount | A full deduction up to the amount of your contribution limit |
Married filing jointly with a spouse who is covered by a plan at work | $204,000 or less | A full deduction up to the amount of your contribution limit |
> $204,000 but < $214,000 | A partial deduction (calculate) | |
≥ $214,000 or more | No deduction | |
Married filing separately with a spouse who is covered by a plan at work | ||
< $10,000 | Partial deduction | |
≥ $10,000 | No deduction |
2023 Traditional IRA Deduction Limits — You are covered by a retirement plan at work
Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
Single individuals | ≤ $73,000 | Full deduction up to the amount of your contribution limit |
> $73,000 but < $83,000 | Partial deduction (calculate) | |
≥ $83,000 | No deduction | |
Married (filing joint returns) | ≤ $116,000 | Full deduction up to the amount of your contribution limit |
> $116,000 but < $136,000 | Partial deduction (calculate) | |
≥ $136,000 | No deduction | |
Married (filing separately)* | ||
< $10,000 | Partial deduction | |
≥ $10,000 | No deduction |
2023 Traditional IRA Deduction Limits — You are NOT covered by a retirement plan at work
Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
Single, head of household, or qualifying widow(er) | any amount | A full deduction up to the amount of your contribution limit |
Married filing jointly or separately with a spouse who is not covered by a plan at work | any amount | A full deduction up to the amount of your contribution limit |
Married filing jointly with a spouse who is covered by a plan at work | $218,000 or less | A full deduction up to the amount of your contribution limit |
> $218,000 but < $228,000 | A partial deduction (calculate) | |
≥ $228,000 or more | No deduction | |
Married filing separately with a spouse who is covered by a plan at work | ||
< $10,000 | Partial deduction | |
≥ $10,000 | No deduction |
*Married (filing separately) can use the limits for single individuals if they have not lived with their spouse in the past year.