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Barsnikel
New Member

"Limitations of the IRA deduction"

Limitations of the IRA deduction :
 - "You can deduct all of your contribution if you (and your spouse, if filing a joint return) are not covered by a retirement plan at work"

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\My company does not provide a pension plan but DOES provide a 401K plan, to which I contribute and they match.  For the purposes of the IRA deduction, is a 401K considered a retirement plan? 



1 Best answer

Accepted Solutions
Hal_Al
Level 15

"Limitations of the IRA deduction"

Yes, for the purposes of the IRA deduction,  a 401K is considered a retirement plan.  

View solution in original post

1 Reply
Hal_Al
Level 15

"Limitations of the IRA deduction"

Yes, for the purposes of the IRA deduction,  a 401K is considered a retirement plan.  

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