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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 IRA Contribution Limits.

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:

2014

2015

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

Page Last Reviewed or Updated: 23-Oct-2014