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New Member
posted Jun 3, 2019 4:59:13 PM

I have a work retirement plan, how do I determine how much I can put into a traditional IRA for deduction purposes?

Does my employee retirement plan determine how much I can contribute to an IRA?

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1 Replies
Intuit Alumni
Jun 3, 2019 4:59:15 PM

The fact that you are covered combined with your income dictates how much you can deduct for a Traditional IRA.

The limits are found here: https://www.irs.gov/retirement-plans/ira-deduction-limits