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Traditional IRAs (deductibility of contributions): Taxpayer: John and Cindy Taylor Filing Status: Married filing Jointly Age: 40s AGI: $110,000 (John participates in a 401(k) at

Traditional IRAs (deductibility of contributions):
Taxpayer: John and Cindy Taylor
Filing Status: Married filing Jointly
Age: 40s
AGI: $110,000
(John participates in a 401(k) at work, but Cindy does not.)
John:
AGI before IRA Deduction
Phaseout Threshold
Excess AGI
Phaseout % (Excess/20,000)
Maximum Contribution
Deduction Phaseout
Deductible Contribution

Income tax law

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