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June 1, 2019
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I switched jobs in 2016 and was covered by an employer sponsored 401k plan before switching, the rest of the year I was not. I am capped in my IRA deduction because of my MAGI.

  • June 1, 2019
  • 1 reply
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Best answer by SteamTrain

correct,

 if you made contributions to anyone's 401k for even one day during 2016, then your deductible IRA contributions may be capped.

1 reply

SteamTrain
Employee
June 1, 2019

correct,

 if you made contributions to anyone's 401k for even one day during 2016, then your deductible IRA contributions may be capped.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
bmurphyAuthor
June 1, 2019
bummer..