AdamNe
Employee Tax Expert

Get your taxes done using TurboTax

Hello @Danarand1 !

 

Thanks for the question. 

 

The answer is yes AND possibly no. 

 

You are definitely allowed to contribute the $6,000 into a traditional IRA (or Roth IRA, if you fall within the income limits), but because one of your employers in 2021 did have a retirement plan available for you, you may not be able to take the deduction, or the full deduction. Here is an IRS link that explains the income limits for claiming a deduction on your IRA contributions for 2021 when you were covered by a retirement plan at work. *Note, there are slightly different rules for each spouse if you are married and one spouse is covered, but the other isn't. 

 

 https://www.irs.gov/retirement-plans/2021-ira-deduction-limits-effect-of-modified-agi-on-deduction-i...

 

Hopefully that answers your question and gives you some of the tools you need to make your retirement saving choices! 

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