Hey all,
I'm retiring 12/30 so the last paycheck I receive will be in January and it will have a 401k contribution on it. GetCoveredNJ's FAQ says "IRA deduction for contributions if you don’t have a retirement account through your job". I won't have a job in 2026 but I will receive that paycheck. Also, I will receive a separate check for my vacation payout later in January and a bonus check later in the year (yes, they pay you your bonus from 2025 in 2026 even after you leave the company) but neither of those checks will have a 401k contribution on them. I'm assuming this 1 check with a 401k contribution in January will mean that I'm considered to have a retirement account through my job for 2026 which means I cannot deduct my 2026 IRA contribution and lower my ACA MAGI, correct? Thanks so much!
