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Deductions & credits
thank you...I did have earned income in 2020 prior to retiring in August 2020. I made regular contributions to my 401K, but have since rolled that over into an IRA, so no longer have a 401K.
My AGI for the year was above the limit to earn a deduction into an IRA (I think that is $124K).
My question is based on my age (65) can I make "catch up" contributions into an IRA that will be tax deductible, the way I made them into my 401K prior to retirement.
March 4, 2021
11:34 AM