Traditional IRA Deductions
This chart is only for those who are covered by a company retirement plan.
|
Year |
Married/Joint
|
Single or head of Household
|
|---|
|
2022 | 109,000 - 129,000 | 68,000 - 78,000 |
|
2023 | 116,000 - 136,000 | 73,000 - 83,000 |
|
2024 | 123,000 - 143,000 | 77,000 - 87,000 |
If not covered by a company plan but the spouse is, the phase-out range for 2023 is $218,000 - $228,000 and for 2024 is $230,000 - $240,000. If filing married-separate, the phase-out range is $0 - $10,000.
Roth IRA Eligibility
|
Year |
Married/Joint
|
Single or head of Household
|
|---|
|
2022 | 204,000 - 214,000 | 129,000 - 144,000 |
|
2023 | 218,000 - 228,000 | 138,000 - 153,000 |
|
2024 | 230,000 - 240,000 | 146,000 - 161,000 |
If filing married-separate, the phase-out range is $0 - $10,000.
Roth IRA Contributions Quick Fact Sheet
Quick Fact Sheet – Roth IRA Contributions You have earned income You contribute already taxed funds (after-tax funds) to a Roth IRA You receive no tax...
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