Pioneer Investments: 2013 Guide to Traditional IRA Deductions

Individual Retirement Plans
Pioneer Roth IRA
Why Consider Roth?
Guide to Roth Contributions
Roth Conversions
Making the Decision
Taking Money Out
Retirement Planning
Retirement Savings Opportunities
Traditional IRA and Roth IRA Comparison
How Tax Deferral Works
Taking Your Required Minimum Distribution
Pioneer Traditional IRA
Guide to IRA Deductions
Coverdell Education Savings Account
Required Minimum Distributions
Home Retirement Center Individual Retirement Plans Guide to IRA Deductions Printable Version

2016 Guide to Traditional IRA Deductions

Tax Filing Status Do you or your spouse participate in an employer’s retirement plan?1 Modified Adjusted Gross Income (AGI) Maximum Tax Deduction
Single No No limit Full $5,500 (or $6,500 if age 50 or older)
Yes under $61,000 Full $5,500 ($6,500 if age 50 or older)
$61,000 to $71,000 Partial
over $71,000 None
Joint No No limit Full $5,500 for each spouse ($6,500 if age 50)
Yes under $98,000 Full $5,500 for each spouse ($6,500 if age 50)
$98,000 to $118,000 Partial for participating spouse(s); full $5,500 for a non-participating spouse ($6,500 if age 50)
over $118,000 None for participating spouse(s); full or partial for a non-participating spouse if combined AGI is under $194,000
  1. Employer retirement plans include pension, profit sharing, 401(k), 403(b), Keogh, SEP, SARSEP and SIMPLE plans. If you are unsure of your participation status, refer to the pension plan box on the W-2 Form you receive from your employer each year.

This material is not intended to replace the advice of a qualified attorney, tax advisor, investment professional, or insurance agent. Before making any financial commitment regarding the issues discussed here, consult with the appropriate professional advisor.


Check the background of this firm on FINRA's BrokerCheck.

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.

U.S. Home | Global Home | Site Map | Careers | Privacy and Security | Legal | Business Continuity
Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC © 2016 Pioneer Investments.