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.
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.
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.*
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.
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.*
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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