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stephenawise
New Member

Can my wife and I make a tax deductible contribution to a traditional IRA if we have income of $330,000 and I was covered by employer retirement plan for 3 days in 2016?

 
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SweetieJean
Level 15

Can my wife and I make a tax deductible contribution to a traditional IRA if we have income of $330,000 and I was covered by employer retirement plan for 3 days in 2016?

Sorry, no. Due to your income, even being covered by an employer for one day disqualifies you.

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...

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SweetieJean
Level 15

Can my wife and I make a tax deductible contribution to a traditional IRA if we have income of $330,000 and I was covered by employer retirement plan for 3 days in 2016?

Sorry, no. Due to your income, even being covered by an employer for one day disqualifies you.

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...

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