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Deductions & credits
Do you have an entry on line 16 Self-employed SEP, SIMPLE, and qualified plans of Schedule 1? If yes, then you are considered to have a retirement plan at work.
The traditional IRA deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. Please see IRA deduction limits for details.
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March 25, 2023
5:59 AM