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2012 IRA Deduction Limits
Covered by a Retirement Plan at work
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| IF filing status is... | AND your modified AGI is... | THEN you can take... | | Married filing jointly or qualifying window(er) | $92,000 or less | a full deduction up to the amount of your contribution limit | more than $92,000 but less than $112,000 | a partial deduction | $112,000 or more | no deduction | | Married filing separately | less than $10,000 | a partial deduction | $10,000 or more | no deduction | | Single, Head of Household | $58,000 or less | a full deduction up to the amount of your contribution | more than $58,000 but less than $68,000 | a partial deduction | $68,000 or more | no deduction |
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the Single filing status. | |
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