If I have a 401K from years ago with my current employer, but haven't made a contribution in years, am I considered covered under a retirement plan?

[dmorrison]

Need to know if I can deduct Traditional IRA contribution, given no contributions were made to my 401K.

[Fern · Accepted solution]

If no contributions or forfeitures were allocated to your account for the year by you or your employer, then you are not considered to be covered by a retirement plan.

If you are covered by a retirement plan through work, your deduction may be limited (see Chart below).