Can I Make A Deductible IRA Contribution?

There are many different considerations that affect one’s ability to contribute to a Traditional IRA. To make matters worse, the contribution limits usually change from one year to the next.

To help make this easier, we have created the ”Can I Make A Deductible IRA Contribution” flowchart. It addresses common issues regarding eligibility rules for Traditional and Roth IRAs:

  • Earned income phase-out ranges for 2018
  • Single vs Married Filing Jointly
  • Impact of contributing to a Traditional IRA in the same year

Updated for 2020 (including The SECURE ACT)