Traditional IRA Deductions for Tax Year 2013

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Traditional IRA Deductions for Tax Year 2013
If neither you nor your spouse participate in a company retirement plan:
  You can deduct 100% of your IRA contribution
If you participate in a company retirement plan:
Tax Filing Status Adjusted Gross Income You Can Deduct
Single Up to $59,000 100% of your contribution
$59,000 – $68,000 Less than $5,500
Over $68,000 No deduction allowed
 
Married, filing jointly Up to $95,000 100% of your contribution
$95,000 – $115,000 Less than $5,500
Over $115,000 No deduction allowed
If your spouse participates in a company retirement plan, but you do not
  Adjusted Gross Income You Can Deduct
  Up to $175,000 100% of your contribution
  $175,000 – $188,000 A partial deduction
  Over $188,000 No deduction allowed
If you're 50 or over, you can contribute an additional $1,000 per year as a "catch-up".

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