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I switched jobs in 2016 and was covered by an employer sponsored 401k plan before switching, the rest of the year I was not. I am capped in my IRA deduction because of my MAGI.
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May 31, 2019
11:24 PM
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Retirement tax questions
correct,
if you made contributions to anyone's 401k for even one day during 2016, then your deductible IRA contributions may be capped.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
May 31, 2019
11:24 PM