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