You'll need to sign in or create an account to connect with an expert.
You can contribute to a traditional IRA as long as box 1 of your W-2 shows sufficient taxable compensation to support the contribution and you have not reached the year in which you turn age 70½. Since you were covered by a retirement plan at work for 2017, whether or not the traditional IRA contribution will be deductible will depend on your modified AGI and your filing status.
See How Much Can You Deduct?: https://www.irs.gov/publications/p590a#en_US_2016_publink1000230433
You can contribute to a traditional IRA as long as box 1 of your W-2 shows sufficient taxable compensation to support the contribution and you have not reached the year in which you turn age 70½. Since you were covered by a retirement plan at work for 2017, whether or not the traditional IRA contribution will be deductible will depend on your modified AGI and your filing status.
See How Much Can You Deduct?: https://www.irs.gov/publications/p590a#en_US_2016_publink1000230433
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
patelrpn
Level 2
patelrpn
Level 2
LunaTax
Level 1
user17731758860
New Member
smwilliams620
New Member