Discussion:Changed jobs - IRA contibution
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Discussion Forum Index --> Tax Questions --> Changed jobs - IRA contibution
| 14 April 2006 | |
| If a person worked for 8 days a company that had a retirement plan, then was let go (with severance pay) and then started with another company mid-year that does not have a retirement plan, can he contribute to an IRA in 2005? | |
| 14 April 2006 | |
| It depends on the total earned income. I think that if he made less than $60K he could deduct some also depending on how much he already contributed to his 401(K). | |
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