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Worksheets for Social Security Recipients Who Contribute to a Traditional IRA Appendix B. Keep for Your Records If you receive social security benefits, have taxable compensation, contribute to your traditional IRA, and you or your spouse is covered by an employer retirement plan, complete the following worksheets. (See Are You Covered by an Employer Plan? in chapter 1.)
Use Worksheet 1 to figure your modified adjusted gross income. This amount is needed in the computation of your IRA deduction, if any, which is figured using Worksheet 2.
The IRA deduction figured using Worksheet 2 is entered on your tax return. Worksheet 1 Computation of Modified AGI (For use only by taxpayers who receive social security benefits) Filing Status—Check only one box: A. Married filing jointly B. Single, Head of Household, Qualifying Widow(er), or Married filing separately and lived apart from your spouse during the entire year C. Married filing separately and lived with your spouse at any time during the year 1. Adjusted gross income (AGI) from Form 1040 (For purposes of this worksheet, figure your AGI without taking into account any social security benefits from Form SSA-1099 or RRB-1099, any deduction for contributions to a traditional IRA, any student loan interest deduction, any domestic production activities deduction or any exclusion of interest from savings bonds to be reported on Form 8815.) . . . . . . . . . . . . . . . . . . . 1. 2. Enter the amount in box 5 of all Forms SSA-1099 and Forms RRB-1099 . . . . . . . . . . . . . . . . . . 2. 3. Enter one-half of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Enter the amount of any foreign earned income exclusion, foreign housing exclusion, U.S. possessions income exclusion, exclusion of income from Puerto Rico you claimed as a bona fide resident of Puerto Rico, or exclusion of employer-provided adoption benefits . . . . . . . . . . 4. 5. Enter the amount of any tax-exempt interest reported on Form 1040, line 2a . . . . . . . . . . . . . . . 5. 6. Add lines 1, 3, 4, and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Enter the amount listed below for your filing status. • $32,000 if you checked box A above. • $25,000 if you checked box B above. • $0 if you checked box C above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. 8. Subtract line 7 from line 6. If zero or less, enter -0- on this line . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 9. If line 8 is zero, skip to line 17, enter -0-, and continue with line 18. If line 8 is more than zero, enter the amount listed below for your filing status. • $12,000 if you checked box A above. • $9,000 if you checked box B above. • $0 if you checked box C above . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . 9. 10. Subtract line 9 from line 8. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. 11. Enter the smaller of line 8 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. 12. Enter one-half of line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. 13. Enter the smaller of line 3 or line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. 14. Multiply line 10 by 0.85. If line 10 is zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. 15. Add lines 13 and 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. 16. Multiply line 2 by 0.85 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. 17. Taxable benefits to be included in modified AGI for traditional IRA deduction purposes. Enter the smaller of line 15 or line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. 18. Enter the amount of any employer-provided adoption benefits exclusion and any foreign earned income exclusion and foreign housing exclusion or deduction that you claimed . . . . .
18. 19. Modified AGI for determining your reduced traditional IRA deduction—add lines 1, 17, and 18. Enter here and on line 2 of Worksheet 2 next . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Publication 590-A (2018) Page 53