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W2 retirement plan box is not checked. Employer has 401b plan available but employee does not participate or contribute. Employer does not contribute either.
Can employee make a deductible IRA contribution?
I've researched but can't get a clear answer. I'm leaning towards making the deductible contribution since employee doesn't participate.
Best Answer Click here
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Are they are a single filer? Because if they are married and the spouse is an active participant in a 401K plan, then they can't contribute to an iRA. Unless they are below the AGI limit for doing both
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MFJ. Wife is covered by plan by same employer. She participates in the plan and box is checked on W2. Husband doesn't participate or contribute. He qualifies for a deductible IRA based on income. Does he really qualify knowing his employer offers a plan though. I think he does.
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I like articles like the Investopedia:
https://www.investopedia.com/articles/retirement/05/032305.asp
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