I must be doing something wrong. A client inquired about how much of
an IRA deduction he can take if he's covered by a 401(k) plan at work.
All over the IRS website it says that up to a certain income you get a
full deduction, over another income you get no deduction, but in
between those you get a "partial deduction."
But nowhere can I find any guidance on how to calculate that partial
What am I missing?
- posted 8 months ago