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"If you file married filing jointly, but you are covered by a retirement plan at work, "

then what? Tha's the OP's situation

That's the one I got right.

<consulting cheat sheet>
Married joint, and you are covered by a plan, you can deduct a full IRA contribution with 70k of MAGI, and have no deduction at $80k of MAGI. Inbetween the figures, your deduction is reduced proportionally.

For singles or heads of households, the numbers are $50k and $60k. (Yep, the marriage penalty isn't completely gone.)

And if you are married filiing separately, the numbers are $0 (zero!) and $10k. IOW, if you are MFS and are covered by a pension plan, you aren't going to get an IRA deduction in most cases.

All of these are for 2005, and will change for 2006. My cheat sheet doesn't cover 2006, so I will not comment.

--Peter <== hoping he can read and copy without problems this time
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