Tax Tips & Calculators

If you participate in your employer's retirement plan, your deduction for contributions to a traditional IRA may be limited, depending on the amount of your modified AGI. Check the tables below for the limitations that apply to you.

2010 Traditional IRA Deductions (when covered by a retirement plan at work)
Modified AGI	Single or HH	MFJ* or QW	MFS**
$0–$9,999	Full deduction	Full deduction	Deduction may be limited
$10,000–$55,999	Full deduction	Full deduction	No deduction
$56,000–$65,999	Deduction may be limited	Full deduction	No deduction
$66,000–$88,999	No deduction	Full deduction	No deduction
$89,000–$108,999	No deduction	Deduction may be limited	No deduction
$109,000 or more	No deduction	No deduction	No deduction

2010 Traditional IRA Deductions (when NOT covered by a retirement plan at work)
Modified AGI	Single or HH	MFJ (spouse is covered by a plan)	MFJ, MFS* or QW (spouse is not covered by a plan)	MFS* or QW (spouse is covered by a plan)
$0–$9,999	Full deduction	Full deduction	Full deduction	Deduction may be limited
$10,000–$166,999	Full deduction	Full deduction	Full deduction	No deduction
$167,000–$176,999	Full deduction	Deduction may be limited	Full deduction	No deduction
$177,000 or more	Full deduction	No deduction	Full deduction	No deduction

Note: The partial deduction has a $200 floor. For example, if your deduction would have been reduced to less than $200 but more than $0, you can deduct contributions up to $200 or 100% of your taxable compensation, whichever is less. If the deduction is completely phased out (reduced to $0), no deduction is allowed.