I've done more reading on the subject, but I'm still somewhat confused about whether or not I could deduct an IRA contribution. I'm working part time now and am not receiving any benefits. My husband contributes to a 401k at work. This is what I found in the IRS publication:"If your spouse is covered. If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table B next. Table B If your filing status is: Your IRA deduction is reduced if your modified AGI is between: Married--joint return $150,000 and $160,000 $160,000 or more"Our modified AGI was 70k last year. To make matters more complicated, I will begin a part time job with a school district in August. I will pay into the teacher retirement system at that time. Does that make my IRA contributions non-deductible? Can I deduct some because I wasn't covered prior to August?I would welcome any help or sources in finding answers to these questions.Thanks!
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