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IRA Deduction Worksheet—Line 32 Keep for Your Records Form 1040—Line 32 In any case, the income earned on your IRA ployed and had a SEP, SIMPLE, or quali- Were You Covered by a fied retirement plan. contributions is not taxed until it is paid to Retirement Plan? you. If you were covered by a retirement plan If you were covered by a retirement plan and you file Form 2555, 2555-EZ, or 8815, (qualified pension, profit-sharing (includ- or you exclude employer-provided adop- The “Retirement plan” box in box 13 of ing 401(k)), annuity, SEP, SIMPLE, etc.) at tion benefits, see Pub. 590 to figure the your Form W-2 should be checked if you work or through self-employment, your amount, if any, of your IRA deduction. were covered by a plan at work even if you IRA deduction may be reduced or elimi- were not vested in the plan. You are also nated. But you can still make contributions Married persons filing separately. If you to an IRA even if you cannot deduct them. covered by a plan if you were self-em- were not covered by a retirement plan but If you were age 701⁄2 or older at the end of 2009, you cannot deduct any contributions made to your traditional IRA or treat them as nondeductible contributions. Do not complete this worksheet for anyone age 701⁄2 or older at the end of 2009. If you are married filing jointly and only one spouse was under age 701⁄2 at the end of 2009, complete this worksheet only for that spouse. CAUTION ! Before you begin:  Be sure you have read the list on page 31. You may not be eligible to use this worksheet.  Figure any write-in adjustments to be entered on the dotted line next to line 36 (see the instructions for line 36 on page 35).  If you are married filing separately and you lived apart from your spouse for all of 2009, enter “D” on the dotted line next to Form 1040, line 32. If you do not, you may get a math error notice from the IRS. Your IRA Spouse’s IRA 1a. Were you covered by a retirement plan (see page 31)? . . . . . . . . . . . . . . . . . . . . . 1a. Yes No b. If married filing jointly, was your spouse covered by a retirement plan? . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b. Yes No Next. If you checked “No” on line 1a (and “No” on line 1b if married filing jointly), skip lines 2 through 6, enter the applicable amount below on line 7a (and line 7b if applicable), and go to line 8. • $5,000, if under age 50 at the end of 2009. • $6,000, if age 50 or older but under age 701⁄2 at the end of 2009. Otherwise, go to line 2. 2. Enter the amount shown below that applies to you. • Single, head of household, or married filing separately and you lived apart from your spouse for all of 2009, enter $65,000 • Qualifying widow(er), enter $109,000 } 2a. 2b. • Married filing jointly, enter $109,000 in both columns. But if you checked “No” on either line 1a or 1b, enter $176,000 for the person who was not covered by a plan • Married filing separately and you lived with your spouse at any time in 2009, enter $10,000 3. Enter the amount from Form 1040, line 22 . . . . . . . . . . . 3. 4. Enter the total of the amounts from Form 1040, lines 23 through 31a, plus any write-in adjustments you entered on the dotted line next to line 36 . . . . . . . . . . . . . . . . . . . . 4. 5. Subtract line 4 from line 3. If married filing jointly, enter the result in both columns 5a. 5b. 6. Is the amount on line 5 less than the amount on line 2? None of your IRA contributions are deductible. For details on No. nondeductible IRA contributions, see Form 8606. STOP Subtract line 5 from line 2 in each column. Follow the instruction below Yes. that applies to you. • If single, head of household, or married filing separately, and the result is $10,000 or more, enter the applicable amount below on line 7 for that column and go to line 8. i. $5,000, if under age 50 at the end of 2009. ii. $6,000, if age 50 or older but under age 701⁄2 at the end of 2009. Otherwise, go to line 7. } 6a. 6b. • If married filing jointly or qualifying widow(er), and the result is $20,000 or more ($10,000 or more in the column for the IRA of a person who was not covered by a retirement plan), enter the applicable amount below on line 7 for that column and go to line 8. i. $5,000, if under age 50 at the end of 2009. ii. $6,000 if age 50 or older but under age 701⁄2 at the end of 2009. Otherwise, go to line 7. Need more information or forms? See page 96. - 32 -