During the 2021 tax year you and, if married, your spouse are not covered by a WRP1:
- Full deduction regardless of MAGI
During the 2021 tax year and you and, if married, your spouse are covered by a WRP1:
- Fully deductible if MAGI is less than $66,000 (single) or $105,000 (joint)
- Partially deductible if MAGI is between $66,000 and $76,000 (single) or $105,000 and $125,000 (joint)
- No deduction if MAGI is over $76,000 (single) or $125,000 (joint)
During the 2021 tax year, you are covered1 by a WRP and your spouse isn’t, your deduction is:
- Fully deductible if MAGI is less than $198,000 (joint)
- Partially deductible if MAGI is between $198,000 and $208,000 (joint)
- No deduction if MAGI is over $208,000 (joint)
During the 2022 tax year you and, if married, your spouse are not covered by a WRP:
- Full deduction regardless of MAGI
During the 2022 tax year and you, and if married, your spouse are covered by a WRP:
- Fully deductible if MAGI is less than $68,000 (single) or $109,000 (joint)
- Partially deductible if MAGI is between $68,000 and $78,000 (single) or $109,000 and $129,000 (joint)
- No deduction if MAGI is over $78,000 (single) or $129,000 (joint)
During the 2022 tax year, you are covered by a WRP and your spouse isn’t, your deduction is:
- Fully deductible if MAGI is less than $204,000 (joint)
- Partially deductible if MAGI is between $204,000 and $214,000 (joint)
- No deduction if MAGI is over $214,000 (joint)
During the 2021 and 2022 tax year, you are covered1 by a WRP and married filing separately2:
- Partially deductible for MAGI up to $10,000
- No deduction for MAGI more than $10,000
1 The “ Retirement Plan ” box in Box 13 of your W-2 tax shape should be checked if you were covered by a WRP. 2 Your filing condition is considered single for IRA contribution purposes if you did not hot with your spouse during the tax year. See IRS Pub 501 for more data .
