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My W2 covers Dec 2021 through Nov 2022 & has 1 contribution to a SIMPLE for Dec 2021. I opted out in Jan 2022. MAGI is > $68K. Can I contribute to a Trad IRA & deduct it?
I work for a small company that closes out the fiscal year at the end of November. I retired on 1/12/22 and did not fill out a new SIMPLE IRA contribution form. I returned to work 45 days later, 3 days per week at half the rate I used to garner so I did not opt back into the IRA and therefore so had no contributions to the SIMPLE IRA in 2022.
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March 23, 2023
7:52 PM