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Scott474
New Member

Can I make an 2016 Traditional IRA contribution if I have contributed to a 401-K for 2016

Through Payroll deduction, I made the following 401-K contributions in 2016:

 -  $15,228.51  Roth 401-K

 -  $6,000.00    Roth 401-K Catch-up


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1 Reply
KenH1
New Member

Can I make an 2016 Traditional IRA contribution if I have contributed to a 401-K for 2016

As long as you have not turned 70.5 years old, the short answer is yes.  But it may not be deductible:

You can contribute to a traditional IRA regardless of your income or coverage by an employer plan.

The deductibility depends on your incomefiling status, and employer coverage.

These links provide the most recent income limits for deducting IRAs

IRA deductibility - covered by employer plan (the "retirement plan" box on your W2 is checked)

IRA deductibility - NOT covered by employer plan (the "retirement plan" box on your W2 is NOT checked)


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