IRA Deduction Worksheet - Form 1040 Line 23

The IRA Deduction Worksheet appears.
(its first few lines are shown below).
Notice the special features:

Line 2 automatically suggests the correct amount to go there.
It is highlighted in yellow, indicating that you may change this amount.

Line 3 automatically shows the amount from Form 1040, line 22.

The all-white spaces are calculated for you.

The final result is automatically posted to the correct line (23) of Form 1040.

Do the IRS directions for lines 1 and 2 perplex you?
Relax! WinTax software will do the right thing, based on the boxes you check.

IRA Deduction Worksheet - Line 23 (Keep for your records)

Before you begin: Complete Form 1040, lines 25 through 31a, if they apply to you.

Figure any amount to be entered on the dotted line

next to line 32 (see page 29).

Be sure you have read the list on (instructions for line 23).

Your IRA Spouse's IRA

1a. Were you covered by a retirement plan (see )? 1a.

Yes No

1b. If married filing jointly, was your wife covered by a retirement plan? 1b.

Yes No

Next: If you checked "No" on line 1a, and, if married filing jointly, "No" on
line 1b, skip lines 2-6, enter $2,000 on line 7a (and 7b if applicable), and
go to line 8. Otherwise, go to line 2.

2. Enter the amount shown below for your filing status:

Single, head of household, or married filing separately and
you lived apart from your spouse all year, enter $41,000.

Qualifying widow(er), enter $61,000

Married filing jointly, enter $61,000 in both columns. But if
you checked "No"on either line 1a or 1b, enter $160,000 for
the person who was not covered by a plan.

2a. 2b.

Married filing separately,and you lived with your spouse
at any time during the year, enter $10,000.

3. Enter the amount from Form 1040, line 22 . . . 3.

The actual worksheet continues further.


IRA Deduction Worksheet - Line 23	(Keep for your records)