IRA Contributions with Retirement Plan at work?Taxpayer has a retirement plan. SP had a retirement plan at one of her jobs but did not participate. Her other job ...

Forum|Forum|3 years ago
June 1, 2023
2 replies
18 views

didn't offer a retirement plan.
Can she deduct an IRA contribution for 2022?
Thank you in advance, Christopher

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Go to the IRA Contribution worksheet and enter an amount, scroll down the page and it will tell you if they are qualified to make any contribution or not, it will show you if there is excess or if all of it is allowed..

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

C

chapguy19Author

Level 5

I guess the key is if she OR he (MFJ) had a retirement plan at work. He did so her contribution is non-deductible regardless whether she had one at her work.

Am I interpreting it correctly?

Thanks, C

sjrcpa

Level 15

It also depends on their income. As Lisa said, look at the worksheet.

The more I know the more I don’t know.

T

TaxGuyBill

Level 15

It is based on income and if the other spouse had a work retirement plan. Click the link below, and then click the links near the bottom of that page to see the limits.

https://www.irs.gov/retirement-plans/ira-deduction-limits

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