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New Member
posted Apr 3, 2025 1:19:57 PM

Is there a tax benefit to contributing to a traditional IRA for 2024 if my MAGI is about $165,000?

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1 Replies
Expert Alumni
Apr 3, 2025 1:33:10 PM

The contribution would benefit you provided you don't have a retirement plan at work. If you have that, it would not be allowable because of your income level.