Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 5:00:11 AM

IRA deductions not eligible at all

If you make over 71k and contribute to and employee 401k. Is this true?

0 1 224
1 Best answer
New Member
Jun 6, 2019 5:00:12 AM

Yes, that is true for someone filing as Single or Head of Household.

IRA deductibility - covered by employer plan

You can still contribute to an IRA, but it will not be deductible.

1 Replies
New Member
Jun 6, 2019 5:00:12 AM

Yes, that is true for someone filing as Single or Head of Household.

IRA deductibility - covered by employer plan

You can still contribute to an IRA, but it will not be deductible.