phase out for ira deduction
1 If you and your partner file are married filing jointly, the IRA deduction begins to phase out when you reach $98,000 and tops out at $118,000. 2  This represents an increase of $2000 from 2014. If your filing status is head of household or single, your IRA tax deduction starts to phase out when your AGI reaches $61,000 and completely disappears when you reach $71,000.