Instructions For Form 1040 - U.s. Individual Income Tax Return - 2016 Page 36

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2017 Form 1040—Line 32
IRA Deduction Worksheet—Continued
Your IRA
Spouse's IRA
7.
Multiply lines 6a and 6b by the percentage below that applies to you. If the
result isn't a multiple of $10, increase it to the next multiple of $10 (for
example, increase $490.30 to $500). If the result is $200 or more, enter the
result. But if it is less than $200, enter $200.
Single, head of household, or married filing separately, multiply by 55%
(0.55) (or by 65% (0.65) in the column for the IRA of a person who is age
50 or older at the end of 2017).
Married filing jointly or qualifying widow(er), multiply by 27.5% (0.275)
7a.
7b.
(or by 32.5% (0.325) in the column for the IRA of a person who is age 50 or
older at the end of 2017). But if you checked “No” on either line 1a
or 1b, then in the column for the IRA of the person who wasn't covered by a
retirement plan, multiply by 55% (0.55) (or by 65% (0.65) if age 50 or
older at the end of 2017).
8.
Enter the total of your (and your spouse's if filing
jointly):
Wages, salaries, tips, etc. Generally, this is the
amount reported in box 1 of Form W-2. Exceptions
are explained earlier in these instructions for line 32.
8.
Alimony and separate maintenance payments
reported on Form 1040, line 11.
Nontaxable combat pay. This amount should be
reported in box 12 of Form W-2 with code Q.
9.
Enter the earned income you (and your spouse if
filing jointly) received as a self-employed individual
or a partner. Generally, this is your (and your
spouse's if filing jointly) net earnings from
self-employment if your personal services were a
material income-producing factor, minus any
deductions on Form 1040, lines 27 and 28. If zero or
less, enter -0-. For more details, see Pub.
590-A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10.
Add lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . .
10.
If married filing jointly and line 10 is less than $11,000 ($12,000 if
!
one spouse is age 50 or older at the end of 2017; $13,000 if both
spouses are age 50 or older at the end of 2017), stop here and use
CAUTION
the worksheet in Pub. 590-A to figure your IRA deduction.
11.
Enter traditional IRA contributions made, or that will be made by April 17,
2018 for 2017 to your IRA on line 11a and to your spouse's IRA on
line 11b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11a.
11b.
12.
On line 12a, enter the smallest of line 7a, 10, or 11a. On line 12b, enter the
smallest of line 7b, 10, or 11b. This is the most you can deduct. Add the
amounts on lines 12a and 12b and enter the total on Form 1040, line 32. Or, if
you want, you can deduct a smaller amount and treat the rest as a
nondeductible contribution (see Form 8606) . . . . . . . . . . . . . . . . . . . . . . . . . . 12a.
12b.
-36-
Need more information or forms? Visit IRS.gov.

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