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I have a 401k from a previous employer. I am no longer with the company since last year. Can I deduct my traditional IRA contributions from my taxes this year?
			
				
					
					
						I got a bonus from my past employer for last year that was paid this year.  My understanding is that this is considered earned income for this year.  I like to contribute this earned income to a traditional IRA for this year.  I like to know if I can deduct this contribution from my taxes for this year.
					
				
			
			
				
			
			
			
			
			
			
			
		
		
		
	
	
	
		
			
				
						
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			2 weeks ago