2009 Contribution and Deduction Limit - Effect of Modified AGI on Deduction if You Are NOT Covered by a Retirement Plan at Work |
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If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction.
If Your Filing Status Is...
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And Your Modified AGI Is... |
Then You Can Take... |
single, head of household, or qualifying widow(er) |
any amount
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a full deduction up to the amount of your contribution limit.
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married filing jointly or separately with a spouse who is not covered by a plan at work |
any amount
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a full deduction up to the amount of your contribution limit.
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married filing jointly with a spouse who is covered by a plan at work |
$166,000 or less
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a full deduction up to the amount of your contribution limit.
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more than $166,000 but less than $176,000
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a partial deduction.
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$176,000 or more
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no deduction.
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married filing separately with a spouse who is covered by a plan at work |
less than $10,000
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a partial deduction.
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$10,000 or more
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no deduction.
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If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status. |
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Page Last Reviewed or Updated: January 13, 2009