Traditional IRA Deduction Limits
2024 — You are covered by a retirement plan at work
| Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
| Single individuals | ≤ $77,000 | Full deduction up to the amount of your contribution limit |
| > $77,000 but < $87,000 | Partial deduction (calculate) | |
| ≥ $87,000 | No deduction | |
| Married (filing joint returns) | ≤ $123,000 | Full deduction up to the amount of your contribution limit |
| > $123,000 but < $143,000 | Partial deduction (calculate) | |
| ≥ $143,000 | No deduction | |
| Married (filing separately)* | ||
| < $10,000 | Partial deduction | |
| ≥ $10,000 | No deduction |
2024 — You are NOT covered by a retirement plan at work
| Filing Status | Modified adjusted gross income (MAGI) | Deduction Limit |
| Single, head of household, or qualifying widow(er) | any amount | A full deduction up to the amount of your contribution 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 your contribution limit |
| Married filing jointly with a spouse who is covered by a plan at work | $230,000 or less | A full deduction up to the amount of your contribution limit |
| > $230,000 but < $240,000 | A partial deduction (calculate) | |
| ≥ $240,000 or more | No deduction | |
| Married filing separately with a spouse who is covered by a plan at work | ||
| < $10,000 | Partial deduction | |
| ≥ $10,000 | No deduction |
*Married (filing separately) can use the limits for single individuals if they have not lived with their spouse in the past year.
See Also
Roth IRA recharacterization