Question: what is the income limit for deducting ira contributions?
Answer: The IRA deduction is phased out if you have between $65,000 and $75,000 in modified adjusted gross income (MAGI) as of 2020 if you're single or filing as head of household. You'll be entitled to less of a deduction if you earn $65,000 or more, and you're not allowed a deduction at all if your MAGI is over $75,000.