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Traditional IRA deduction
After inputting my husband's IRA contribution, TurboTax indicated that he could not deduct the contribution because his MAGI was over $123,000 while being covered by a retirement plan at work. He is not covered by a retirement plan at work. He changed jobs in March to a job that did not have any retirement plan. Shouldn't he be allowed to contribute based on the income earned at the new job that did not have a retirement plan?
‎February 27, 2020
1:04 PM