Layedoff mid-last year and was hoping I could make a deductable IRA contribution as roughly half the year I was not covered by an employer retirement plan, but assume if I'm covered at any point during the year that's not allowed for that tax year?

[MinhT1]

If you are covered by a retirement plan at work for any part of the year, you are considered covered (your form W-2 has box 13 -Retirement plan checked).

And the deductibility of your traditional IRA contribution may be reduced or eliminated depending on your filing status and your modified AGI.

Please read this IRS document to check whether you're eligible for a deductible IRA contribution.

[salda]

MinhT1...got it, thank you for your response.