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My company started the 401k on December so this year I contributed $650, my question if I contribute to my Traditional IRA acccount with $2000, may I write off $2000 or only $1,350 (2,000-650)

Thank you for your help.
My e-mail is

Your company should have already taken the $650 out of your wages and it won't show up as taxable income at all.

You may not particapate in a deductable IRA if you are in (or have available) a qualifing retirement plan (like a 401k). Sorry, but I think that means you can't deduct ANY of the IRA money.

You can still use an IRA, you just can't deduct the money you put in it.

Consult your tax pro for official advice.
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