401K at work but I am limited by Highly Compensated Limits
If I am limited in the deduction I can make in my 401K at work can I make tax deductible contributions to my IRA before April 15th for 2018?
What amounts am I allowed to put into a Roth or Regular IRA if I have the 401K at work?
Permalink Submitted by Alan - IRA critic on Sun, 2019-03-31 15:46
See Pub 590A, p 13 for TIRA deduction income limits, and page 42 for Roth contributions income limits. As long as you participate in the 401k at all you are considered an active participant regardless of whether your contributions are limited. Filing status is important, and if married a spouse’s participation can also affect the TIRA deduction.