I'm single and became ineligible to participate in my company 401(K) in 2023 due to being considered highly compensated. For those who are ineligible, the company offers a supplemental deferred compensation plan and I did participate in it in 2023 to get the company match. My question is can I make a tax deductible contribution to a traditional IRA for 2023? The supplemental deferred compensation plan is nonqualified and nothing is checked in box 13 of my W-2. TurboTax is suggesting that I can contribute but I want to confirm that's correct.
