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Retirement tax questions
Hi Annette,
Thanks for your response. I see a section that says "You can deduct only $2,280 of the $6,000 contribution to a traditional IRA because you're covered by a retirement plan at work and your modified adjusted gross income is between $65,000 and $75,000. The difference of $3,720 is considered a nondeductible contribution.
When I press continue, I see "Do you want to make your IRA contributions nondeductible?" Do I click Yes and then type $2,280 under amount of your contribution to make nondeductible?
March 28, 2021
1:33 PM