This chart here has the income restrictions for IRA deduction income limits. It does not use your AGI but a modified AGI.
I have been unable to find any resources detailing how this income restriction is affected by items such as pretax 401k, HSA, or other pretax retirement plans.
It looks like modified AGI for IRA purposes. But it's not clear since the example doesn't include any deductions.
For simple math, let's say:
- Single, age 30
- $5,500 IRA contribution
- $80,000 income
- $3,000 HSA
- $17,000 401k
My assumption is your modified AGI would then be $80k-$3k-$17k = $60k, allowing a full IRA deduction of $5,500.
- How do pretax deductions affect income for purposes of IRA deductibility?