Can I contribute deductible money to a traditional IRA if I left my job before maxing out my 401(k) for the year?

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I've read these answers:



  • Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?


  • 401K participant for part of year - Can I contribute to an IRA?


  • Can I contribute money to a 401k, 457b, and an IRA all at the same time?


but some of them are pretty old, some of the links are dead, and I'm not sure if any applies exactly to my situation.



My former employer offers a 401(k) plan, to which I had contributed about 60% of the annual limit when I left that job around 60% of the way through the year.



For the remaining 40% of the year I am/will not be covered by any retirement plan. Can I contribute any deductible money to my traditional IRA?



The IRS website has a page for folks covered by a retirement plan at work and a page for those who are not, but no page for a person in both categories.






united-states 401k ira irs







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    up vote
    2
    down vote

    favorite












    I've read these answers:



    • Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?


    • 401K participant for part of year - Can I contribute to an IRA?


    • Can I contribute money to a 401k, 457b, and an IRA all at the same time?


    but some of them are pretty old, some of the links are dead, and I'm not sure if any applies exactly to my situation.



    My former employer offers a 401(k) plan, to which I had contributed about 60% of the annual limit when I left that job around 60% of the way through the year.



    For the remaining 40% of the year I am/will not be covered by any retirement plan. Can I contribute any deductible money to my traditional IRA?



    The IRS website has a page for folks covered by a retirement plan at work and a page for those who are not, but no page for a person in both categories.






    united-states 401k ira irs







    share|improve this question























      up vote
      2
      down vote

      favorite









      up vote
      2
      down vote

      favorite











      I've read these answers:



      • Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?


      • 401K participant for part of year - Can I contribute to an IRA?


      • Can I contribute money to a 401k, 457b, and an IRA all at the same time?


      but some of them are pretty old, some of the links are dead, and I'm not sure if any applies exactly to my situation.



      My former employer offers a 401(k) plan, to which I had contributed about 60% of the annual limit when I left that job around 60% of the way through the year.



      For the remaining 40% of the year I am/will not be covered by any retirement plan. Can I contribute any deductible money to my traditional IRA?



      The IRS website has a page for folks covered by a retirement plan at work and a page for those who are not, but no page for a person in both categories.






      united-states 401k ira irs







      share|improve this question













      I've read these answers:



      • Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?


      • 401K participant for part of year - Can I contribute to an IRA?


      • Can I contribute money to a 401k, 457b, and an IRA all at the same time?


      but some of them are pretty old, some of the links are dead, and I'm not sure if any applies exactly to my situation.



      My former employer offers a 401(k) plan, to which I had contributed about 60% of the annual limit when I left that job around 60% of the way through the year.



      For the remaining 40% of the year I am/will not be covered by any retirement plan. Can I contribute any deductible money to my traditional IRA?



      The IRS website has a page for folks covered by a retirement plan at work and a page for those who are not, but no page for a person in both categories.






      united-states 401k ira irs




      united-states 401k ira irs






      share|improve this question













      share|improve this question











      share|improve this question




      share|improve this question










      asked 3 hours ago









      dg99

      5,4161830




      5,4161830




















          1 Answer
          1






          active

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          up vote
          4
          down vote



          accepted










          I believe this article answers the question:




          Are You Covered by an Employer's Retirement Plan?



          You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a:



          • Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contributions or forfeitures were allocated to your account for the plan year ending with or within the tax year;



          So being covered by a plan at any part of the year is sufficient.






          share|improve this answer




















          • Ok, that updated content certainly answers my question.
            – dg99
            3 hours ago










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          1 Answer
          1






          active

          oldest

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          1 Answer
          1






          active

          oldest

          votes









          active

          oldest

          votes






          active

          oldest

          votes








          up vote
          4
          down vote



          accepted










          I believe this article answers the question:




          Are You Covered by an Employer's Retirement Plan?



          You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a:



          • Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contributions or forfeitures were allocated to your account for the plan year ending with or within the tax year;



          So being covered by a plan at any part of the year is sufficient.






          share|improve this answer




















          • Ok, that updated content certainly answers my question.
            – dg99
            3 hours ago














          up vote
          4
          down vote



          accepted










          I believe this article answers the question:




          Are You Covered by an Employer's Retirement Plan?



          You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a:



          • Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contributions or forfeitures were allocated to your account for the plan year ending with or within the tax year;



          So being covered by a plan at any part of the year is sufficient.






          share|improve this answer




















          • Ok, that updated content certainly answers my question.
            – dg99
            3 hours ago












          up vote
          4
          down vote



          accepted







          up vote
          4
          down vote



          accepted






          I believe this article answers the question:




          Are You Covered by an Employer's Retirement Plan?



          You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a:



          • Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contributions or forfeitures were allocated to your account for the plan year ending with or within the tax year;



          So being covered by a plan at any part of the year is sufficient.






          share|improve this answer












          I believe this article answers the question:




          Are You Covered by an Employer's Retirement Plan?



          You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a:



          • Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contributions or forfeitures were allocated to your account for the plan year ending with or within the tax year;



          So being covered by a plan at any part of the year is sufficient.







          share|improve this answer












          share|improve this answer



          share|improve this answer










          answered 3 hours ago









          D Stanley

          47.5k7143154




          47.5k7143154











          • Ok, that updated content certainly answers my question.
            – dg99
            3 hours ago
















          • Ok, that updated content certainly answers my question.
            – dg99
            3 hours ago















          Ok, that updated content certainly answers my question.
          – dg99
          3 hours ago




          Ok, that updated content certainly answers my question.
          – dg99
          3 hours ago

















           

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