Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Adjustments to Income

IRA Contributions

Deduction Phaseout

A taxpayer's deduction for IRA contributions may be "phased out" (i.e., reduced or eliminated) depending on income, filing status, and whether the taxpayer is covered by a retirement plan at work. The difference between the permitted contributions and the IRA deduction, if any, is the taxpayer's nondeductible contribution.