See Special Enrollment Exam Quiz
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SEE PART 1: INDIVIDUALS
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Which of the following is correct regarding the deduction for contributions to a traditional IRA for 2025?
A
A single taxpayer who is covered by a 401(k) plan and has MAGI of $90,000 may deduct a reduced traditional IRA contribution, because the phase-out range for that filing status is $79,000 to $89,000.
B
A married taxpayer filing separately who lived with his or her spouse at any time during 2025 may deduct a full traditional IRA contribution if only the spouse, not the taxpayer, is an active participant in a workplace plan.
C
A taxpayer who participates in an employer retirement plan for only one month during 2025 is not treated as an active participant for the year, so the traditional IRA deduction phase-out does not apply to that taxpayer.
D
For a married taxpayer filing jointly who is not covered by a workplace retirement plan but whose spouse is an active participant, the noncovered spouse's traditional IRA deduction phases out for joint MAGI between $236,000 and $246,000.
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