July 28, 2009
Does PSRF (retirement plan for private company) prevent you from IRA deductions?
bostonian08 asked:
I do not have a 401K but a PSRF (profit sharing retirement plan… because my employer is a private company). Does this mean I cannot deduct my traditional IRA contributions on my tax return?
Julian
I do not have a 401K but a PSRF (profit sharing retirement plan… because my employer is a private company). Does this mean I cannot deduct my traditional IRA contributions on my tax return?
Julian
Comments on Does PSRF (retirement plan for private company) prevent you from IRA deductions?
Saniyah
It should not prevent you in any way of your IRA deductions. Visit for more information. Type in PSRF in the search bar.
Skylar
No, as long as your income does not exceed the deductible level.