TheBeatdigger

TheBeatdigger t1_iy8xwtc wrote

I don’t understand this rule even after just reading a full article about it.

So if I make between 68-78k annually AND have a company sponsored 401k then my IRA contributions are not tax deductible?

So what if I make 79k? Why is it a specific range instead of just saying $68k and up?

If I make 68-78k but don’t have an employer 401k then it’s business as usual for the deduction? Or similarly if I have a work 401k but make less than 68k?

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