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 3 weeks ago
-- Stu http://DownToEarthLawyer.com