Not everyone is eligible to make tax-deductible contributions to a traditional IRA account. For example, for 2025, eligibility for single taxpayers who also contribute to a workplace retirement plan (such as a 401(k) plan), will phase out with income between $79,000 and $89,000. For joint filers, the phaseout range for the spouse who contributes to a work-based plan will be $126,000 to $146,000. For the other spouse who doesn’t contribute to a work-based plan, the phaseout will be between $236,000 and $246,000. Roth IRAs have different phaseout numbers for 2025: $150,000 to $165,00 for single filers; $236,000 to $246,000 for joint filers; and $0 to $10,000 for married separate filers.
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