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

acagwinsc
Level 2
 
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IRonMaN
Level 15

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


Slava Ukraini!

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7 Comments 7
rbynaker
Level 13
Is the spouse covered under an employer plan?
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cagwin007
Level 1
yes
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rbynaker
Level 13
And the taxpayer is not covered under an employer plan?
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cagwin007
Level 1
he is covered as well
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rbynaker
Level 13
Is the "retirement plan" box on his W-2 Wks checked?
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cagwin007
Level 1
Yes
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IRonMaN
Level 15

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


Slava Ukraini!
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