Why is an IRA contribution only resulting in a tax benefit if it's the taxpayer and not the spouse?

acagwinsc · ‎12-07-2019

rbynaker · ‎12-07-2019

Is the spouse covered under an employer plan?

cagwin007 · ‎12-07-2019

yes

rbynaker · ‎12-07-2019

And the taxpayer is not covered under an employer plan?

cagwin007 · ‎12-07-2019

he is covered as well

rbynaker · ‎12-07-2019

Is the "retirement plan" box on his W-2 Wks checked?

cagwin007 · ‎12-07-2019

Yes

IRonMaN · ‎12-07-2019

Income limitation because one of them is an active participant in a retirement plan?

Slava Ukraini!

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