Previous employer W2 included just over $1,000 in deferred income for 401(k) contribution. Left that employer for self-employment. When I attempt to elect additional IRA contributions to reduce income, it states that because our MAGI is over the limit of $125,000 while being covered by a retirement plan at work. Again, I'm self-employed, so I am not covered by a retirement plan at work (although wife is). Am I missing something?
