Reply To: TIRA deductibility if MFJ and only one has no retirement plan

Home Fairmark Forum Retirement Savings and Benefits TIRA deductibility if MFJ and only one has no retirement plan Reply To: TIRA deductibility if MFJ and only one has no retirement plan

#5284
Alan S.
Participant

Being “covered” means that contributions are being made by the participant or the employer. It does not include receiving distributions from a plan. Therefore, you are not an active participant.

However, as described by last year’s posts, if your joint MAGI is high enough, you still cannot take a deduction because your wife is an active participant.