MayaD
Expert Alumni

Retirement tax questions

Yes, you are  considered "covered by a plan at work".  Participation in a solo 401k plan may affect your ability to deduct a traditional IRA contribution; as a result, you may have to treat it as non-deductible IRA contribution.

Use the table in the link below to determine if your modified AGI affects the amount of your IRA deduction.

2021 IRA Deduction Limits

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