What is the income phase out for traditional ira?

A single filer without an employer-sponsored retirement plan can deduct the full amount of a traditional IRA contribution. Tax-advantaged retirement accounts, such as traditional IRAs and Roth IRAs, are structured with specific tax advantages, such as the ability to make pre-tax contributions and benefit from tax-free growth. One method of conversion is to take a distribution from the traditional IRA and contribute it (reinvestment) to a Roth IRA within 60 days from the date of distribution.