DanielV01
Expert Alumni

Retirement tax questions

It will depend on your income.  If you have over 121,000 of modified adjusted gross income, your deduction can be limited or phased-out.  Whether or not you actually contribute to your 401(k) doesn't matter.  What matters is that your employer has a plan, and that limits your income for the purpose of the deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"