IRA deduction limits

You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your IRA. See .

Roth IRAs

Roth IRA contributions aren’t deductible.

Traditional IRAs

• Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels.
• No retirement plan at work: Your deduction is allowed in full if you (and your spouse, if you are married) aren’t covered by a retirement plan at work.

These charts show the income range in which your deduction may be disallowed if you or your spouse participates in a retirement plan at work:

2024

• IRA deduction if you are covered by a retirement plan at work - 2024
• IRA deduction if you are not covered by a retirement plan at work - 2024 (deduction is limited only if your spouse is covered by a retirement plan)

2023

• IRA deduction if you are covered by a retirement plan at work - 2023
• IRA deduction if you are not covered by a retirement plan at work - 2023 (deduction is limited only if your spouse is covered by a retirement plan)

See Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), for additional information, including how to report your IRA contributions on your individual federal income tax return.