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2012 IRA Contribution and Deduction Limits - Effect of Modified AGI on Deductible Contributions if You are NOT Covered by a Retirement Plan at WorkIf you are not covered by a retirement plan at work, use this table to determine if your modified AGIaffects the amount of your deduction. <> ><> ><> >
If Your Filing Status Is...
| <> >And Your Modified AGI Is... | <> > | <> >Then You Can Take... | <> > | <> > <> ><> ><> ><> >single, head of household, or qualifying widow(er) | <> >
any amount
| <> >
a full deduction up to the amount of yourcontribution limit.
| <> > <> ><> >married filing jointly or separately with a spouse who is not covered by a plan at work | <> >
any amount
| <> >
a full deduction up to the amount of yourcontribution limit.
| <> > <> ><> >married filing jointly with a spouse who iscovered by a plan at work | <> >
$173,000 or less
| <> >
a full deduction up to the amount of yourcontribution limit.
| <> > <> ><> >
more than $173,000 but less than $183,000
| <> >
a partial deduction.
| <> > <> ><> >
$183,000 or more
| <> >
no deduction.
| <> > <> ><> >married filing separately with a spouse who is covered by a plan at work | <> >
less than $10,000
| <> >
a partial deduction.
| <> > <> ><> >
$10,000 or more
| <> >
no deduction.
| <> > <> ><> >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. | <> > <> ><> > Page Last Reviewed or Updated: 05-Mar-2013 2012 IRA Contribution and Deduction Limits - Effect of Modified AGI on Deductible Contributions If You ARE Covered by a Retirement Plan at WorkIf you are 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...
| <> >And Your Modified AGI Is... | <> >Then You Can Take... | <> > <> ><> ><> ><> >single or
head of household | <> >
$58,000 or less
| <> >
a full deduction up to the amount of your contribution limit.
| <> > <> ><> >
more than $58,000 but less than $68,000
| <> >
a partial deduction.
| <> > <> ><> >
$68,000 or more
| <> >
no deduction.
| <> > <> ><> >married filing jointly or qualifying widow(er) | <> >
$92,000 or less
| <> >
a full deduction up to the amount of your contribution limit.
| <> > <> ><> >
more than $92,000 but less than $112,000
| <> >
a partial deduction.
| <> > <> ><> >
$112,000 or more
| <> >
no deduction.
| <> > <> ><> >married filing separately | <> >
less than $10,000
| <> >
a partial deduction .
| <> > <> ><> >
$10,000 or more
| <> >
no deduction.
| <> > <> ><> >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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