Look your W-2 FORM, BOX 13,

see whether you are covered by a retirement plan or not. If covered, the number should be 89000, i.e. if your income ( line 15 or 1040A) is below 89K, all your contribution (up to 5000) is deductible. Above 10900, none of your contribution is deductible. Between 89K-109K, it is the phase-out area. You can follow the 1040A instruction to figure out.

If you are not covered by your employer's plan, the numbers are 157K-177K, similae as above.

 

所有跟帖： 

• BOX 13 is checked. But I do not make any contribution to the pla -fatcat2004- ♀ (83 bytes) () 02/10/2011 postreply 11:30:40

• My understanding is yes. -Morning3evening4- ♂ (93 bytes) () 02/10/2011 postreply 11:35:20