2016 Traditional IRA Deductions
If you are covered by a retirement plan at work, use this IRS table to determine if you can deduct...
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IRA and Tax Tables 2016
2016 Roth IRA Eligibility
| If your filing status is... | And your modified AGI is... | Then you can contribute... |
|---|---|---|
| married filing jointly or qualifying widow(er) | < $184,000 | up to the limit |
> $184,000 but < $194,000 | a reduced amount | |
> $194,000 | zero | |
| married filing separately and you lived with your spouse at any time during the year | < $10,000 | a reduced amount |
> $10,000 | zero | |
| single, head of household, or married filing separately and you did not live with your spouse at any time during the year | < $117,000 | up to the limit |
> $117,000 but < $132,000 | a reduced amount | |
> $132,000 | zero |
2016 IRA Contribution Levels
| Year | Under age 50 | Age 50+ |
|---|---|---|
| 2016 | $5,500 | $6,500 |