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Self employed
Being covered by a retirement plan at work does not necessarily prevent you from making a deductible IRA contribution.
Your eligibility to a deductible IRA contribution depends on your filing status and your modified Adjusted Gross Income (MAGI).
For example, if you file Single and your MAGI is $77,000 or less, you are entitled to a full deduction of your IRA contribution.
Please read this IRS document for more information.
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March 3, 2025
8:34 AM