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majirskypaul
New Member

Can I contribute to a IRA and take a tax deduction after my contributions to the 401k

 
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macuser_22
Level 15

Can I contribute to a IRA and take a tax deduction after my contributions to the 401k

Yes, provided your income does not exceed the limits that allow a deduction.   Your 401(k) contributions have no connection to an IRA at all.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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1 Reply
macuser_22
Level 15

Can I contribute to a IRA and take a tax deduction after my contributions to the 401k

Yes, provided your income does not exceed the limits that allow a deduction.   Your 401(k) contributions have no connection to an IRA at all.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

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