Traditional IRA Contribution and Deduction Limits | Pro Stock Options

Ray Fisher
Ray Fisher

Credentials
Licenses - Series 7, 66, 6, 24, 4
Firms- E*Trade, JP Morgan, Merrill Lynch, Scottrade

Table of Contents | Pro Stock Options

Tax Filing Status 2020 magi 2021 magi Deduction
Single or Head of Household $65,000 or less $66,000 or less full
more than $65000 but less than $75,000 more than $66,000 but less than $76,000 partial
$75,000 or more $76,000 or more none
Married Filing Jointly $104,000 or less $105,000 or less full
more than $104,000 but less than $105,000 more than $105,000 but less than $125,000 partial
$124,000 or more $125,000 or more none
Married Filing Jointly (spouse covered by work retirement plan) $196,000 or less $198,000 or less full
more than $196,000 but less than $206,000 more than $198,000 but less than $208,000 partial
$206,000 or more $208,000 or more none
Married Filing Separately (you or spouse covered by work retirement plan) less than $10,000 less than $10,000 partial
$10,000 or more $10,000 or more none

2020 and 2021 Traditional IRA Contribution and Deduction Limits

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