Retirement tax questions
Yes, there are limits to the deductibility of IRA contributions if you are covered by a retirement plan through your employer. To follow-up on the prior posts, below is the 2022 IRA Contributions and Deductions chart for those covered by an employer retirement plan. There is also a link below the chart to the IRS webpage that discusses IRA Deduction Limits for 2022 and 2023.
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