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Retirement tax questions
@Opus 17 That is correct, for all years we had an income greater than what was eligible to claim the deduction.
We file Married Filing Jointly.
I did some more digging and realized that for several years the total contribution made between my employer's retirement account and the IRA was less than the federal limit for that year.
But between years 2016 and 2022, the total contribution between the two was higher than the limit for each year. The amount over varies year to year, but they are all over the limit.
3 weeks ago