Allowable deductions for Iindividual Retirement Account (IRA) contributions are based on these three factors:  

  1. Whether or not you are covered by a retirement plan at work
  2. Your filing status
  3. Your adjusted gross income (AGI)
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If you are considering making an IRA contribution for 2019, we suggest that you consult the tables provided by the IRS at the links below to see how your AGI will affect whether you can deduct all, some, or none of your IRA contribution(s).

IRS rules for IRAs: If You Are Covered at Work or If You Are Not Covered at Work