Can take a full $5500 IRA deduction if I also made a 401(k) contribution at work, or is the maximum reduced by the amount of the 401(k) contribution?
It seems that TurboTax will allow a $5500 contribution to an IRA, even though my net W-2 income was reduced by $1550 in 401(k) contributions. I mant to make the maximum allowed, without exceeding the maximum.
