Ira deduction??

[gman]

Taxpayer in a plan for 4 months of the year. AGI 190,000. Spouse not in a plan, but does work.
Can they both put in 6,000.?

[David1980]

They can both contribute $5,500 ($6,500 if age 50 or older) to a traditional IRA.

Assuming modified AGI is $190k they can deduct $0.

MFJ taxpayer covered by a retirement plan for any part of the year is phased out $95k-$115k.
Spouse that is not covered by a retirement plan but with spouse that is is phased out $178k-$188k.

[gman]

what pub can I find that

Could you tell me what pub I can find that in? Thank you for your prompt response before.

[David1980]

Pub 590. Pages 14-15.

[Kram BergGold]

Retirement plan

one dya of ocverage in a year by a retirement plan causes the income linits to kick in Neitehr can do a deductible IRA with AGI of $190k. Can't do Roth either. Can only do non deductible.

[Lion]

You can make a nondeductible IRA contribution and then convert it to a Roth. No income limit for Roth conversions. A backdoor Roth. Oh, but be careful if you also have deductible Roths and are not converting all your traditional IRAs. You'll need to prorate.

[Burke]

Deductible ROTH's?

[Lion]

Hey, consider the date! If you have deductible IRAs in your mix, then you have more things to consider before converting to Roths.