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IRA contribution deduction
I was only eligible to contribute to my employer 401K for 5 weeks out of the year in 2020 but did not contribute because I was leaving the company. I make over $75K last year. Because I was eligible for 401K for 5 weeks of the year even though I did not contribute, does this make me ineligible to deduct my IRA contributions because of my income level for the entire year?
May 13, 2021
8:12 AM