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Retirement tax questions
This is true if you nor your spouse (if filing a joint return) is covered by a retirement plan at work. This definition also includes things like SEP-IRA for those who are self-employed.
Double-check your physical W2s as well as any W-2 entries for a check box beside "retirement plan". If this box is checked it disqualifies you from being able to deduct a contribution to your IRA (though you can still make it, it just can't be deducted).
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‎April 7, 2025
5:19 PM