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

Adjustments to Income Workout

IRA Contributions

Case Study 1: IRA Contributions

During the tax year, Fred contributed $2,200 to a traditional IRA and $1,000 to a Roth IRA. The most Fred will be able to deduct is the $2,200 contribution to his traditional IRA. He may be eligible for the Retirement Savings Contribution Credit for the Roth IRA contribution.

Click here for an explanation.

Fred.
Publication 590-A, Individual Retirement Arrangements.
Publication 4012 Adjustments to Income
Pub 4491, Retirement Income

Publication 590-A, Individual Retirement Arrangements.

Publication 4012 Adjustments to Income

Pub 4491, Retirement Income