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Retirement tax questions
Please see the following for the MAGI limits:
- IRA Deduction if You ARE Covered by a Retirement Plan at Work - 2018
- IRA Deduction if You Are NOT Covered by a Retirement Plan at Work - 2018 (deduction is limited only if your spouse IS covered by a retirement plan)
Yes, if it is nondeductible it would be better to convert the amount to a Roth IRA to avoid the hassle to keep track of nondeductible contributions in your traditional IRA.
‎June 4, 2019
8:27 PM