Limits To Traditional IRA in 2022

Keep in mind that we will talk today about these  income limits apply to you if you have a retirement plan at work. 

Single 

– $68,000 or less that that = Full deduction

– More than $68,000 but at the same time less than $78,000 = Partial deduction

– $78,000 and more = No deduction

Married filing jointly + covered by retirement plan at work

– $109,000 or less than that = Full deduction

– More than $105,000 but at the same time less than $125,000 = Partial deduction

– $129,000 and more = No deduction

Married filing separately + you are covered by retirement plan at work

– Less than $10,000 = Partial deduction

– $10,000 and more = No deduction

Married filing jointly + your partner is covered by retirement plan at work

– $204,000 or less than that = Full deduction

– More than $204,000 but at the same time less than $214,000 = Partial deduction

-$214,000 and more = No deduction

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