IRA deduction for 2017 I understand you cannot take the tax deduction for an IRA if you are covered by an employers 401K. My question is regarding the word "covered". I contributed to a 401K with my employer in 2017 but I was only employed until April, and my total 401K contribution was $1400. I no longer work for that employer nor have I contributed anything additional. Am I disqualified from deducting an IRA in 2017? My MAGI will be around $80K and I'm over 50. |