lzo
Level 2

Deductions & credits

Thank you - 

 

Two things: The 'retirement' box 13 is not checked on either W2.

 

I just started a job a few months ago that actually contributes, so i started, but thought it would be easier to start Jan 1st 2021.  The previous one did but not much, so i never used it

 

So if the box 13s are NOT checked on my W2s, then i can take the full Traditional IRA deduction?

 

I did find this in the 'learn more' section:

"However, if your employer offers a plan and you don't participate (by making contributions), you're not considered covered by that plan unless it is a defined benefit plan."

 

So looks like i can put $6k into the traditional IRA and take the $2k deduction, which i would be foolish to not do