marasle
New Member

I am a government employee. Can I take an IRA deduction if I have a TSP?

I contribute the maximum to my TSP. Can I also contribute to an IRA and then take that deduction. With the changes in tax laws this year, I now owe taxes for the first time since I began filing taxes over 40 years ago. I am looking for ways to lessen or eliminate the amount I owe.