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If you have any Form W-2s for 2016 and the "retirement plan" box is checked in box 13, this means that you are covered by an employer sponsored retirement plan.
However, if NO contributions were made to an employer sponsored retirement plan by either the employer or by you for the 2016 plan year, then you are NOT covered by a plan for the 2016 plan year, so your ability to take a full deduction for your Traditional IRA contributions would not be affected.
If the "retirement plan" box on the W-2 is checked but no contributions were made on your behalf for the plan year, then you would need to talk to your employer to clarify the situation and get a new W-2 issued.
If you dont have any Form W-2s for 2016 but are self employed and have a SEP then you are covered by an employer sponsored retirement plan.
Please refer to the following IRS
information page for additional clarification about employer sponsored retirement plans. https://www.irs.gov/retirement-plans/are-you-covered-by-an-employers-retirement-plan
If you have any Form W-2s for 2016 and the "retirement plan" box is checked in box 13, this means that you are covered by an employer sponsored retirement plan.
However, if NO contributions were made to an employer sponsored retirement plan by either the employer or by you for the 2016 plan year, then you are NOT covered by a plan for the 2016 plan year, so your ability to take a full deduction for your Traditional IRA contributions would not be affected.
If the "retirement plan" box on the W-2 is checked but no contributions were made on your behalf for the plan year, then you would need to talk to your employer to clarify the situation and get a new W-2 issued.
If you dont have any Form W-2s for 2016 but are self employed and have a SEP then you are covered by an employer sponsored retirement plan.
Please refer to the following IRS
information page for additional clarification about employer sponsored retirement plans. https://www.irs.gov/retirement-plans/are-you-covered-by-an-employers-retirement-plan
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