Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Hey pjohns:

It is not actually your participation in one; it is the existence of one that matters. The way it breaks down is this:

If you work at a company where a plan is available (even if you don't participate), cetain income limits kick in that might affect the deductibility.

If your work has no plan available to you, there is no income limit on deductibility.

Hope this helps!

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.