tlcdgc writes...>>Can someone please tell me if we would be able to deduct an IRA? I don't understand the terminology "qualifying retirement plan." My husband contributes to a company 401k plan in which the company matches a certain percentage of his contributions. There is no pension plan available. <<The term "qualifying retirement plan" refers to a plan qualified under Sec. 401 of the Internal Revenue Code.Your spouse's 401(k) is a qualified retirement plan. As such, he is "covered" and subject to the IRA limitations on AGI.Best of luck to you.MDGrabhorn, CFP
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