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DeluxeXL t1_j2eqmuz wrote on December 31, 2022 at 6:45 PM

If you cannot deduct the traditional IRA contribution due to your income and having a 401k, you should then consider the following two things:

Can you make Roth IRA contributions directly? Read about the income limit. If yes, recharacterize the 2022 traditional IRA contribution as Roth IRA contributions.
If #1 is a "no", then read about Backdoor Roth