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[[My wife was eligible for her company's 401K starting in August. At the 15%
maximum deduction per paycheck, her annual contribution fell $1600 short of
the total allowed for her income. Is there any way to save all or part of the extra
$1600? I'm hoping she'd be eligible for an IRA deduction for the first half of the
year.]]

Nope...sorry...no way that I know of. But you should check with the 401k administrator.

And, since she was eligible for her 401k plan...even if just for a day...you'll have to consider her covered for the entire year when dealing with the deductible IRA rules.

You can read more about these rules in IRS Publication 590 at the IRS web site.

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