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IRA deductions
I was covered thru employer 401k from April to July of last Year and after that rolled over the money to my IRA.at the same time have made $6000.00 to the Traditional IRA for deduction. spouse also was enrolled in 401k plan for 3 months in 2021.but when I claim the IRA deduction for $6000.00 it is giving the message that as the Modified Adjusted Gross income is greater than 125000 I cannot claim the $6000.00 deductible for IRA contributions. Please advise.
March 9, 2022
9:15 AM