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Deductions & credits
Even if you only contributed to your 401(k) plan for only part of the year, you are considered as covered by a retirement plan at work for tax year.
As a covered person, your eligibility for a deductible IRA may be limited by your Modified Adjusted Gross Income (MAGI).
Please read this IRS document to determine your eligibilty for a deductible IRA.
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‎February 28, 2022
1:26 PM