452401
You'll need to sign in or create an account to connect with an expert.
No, your SIMPLE IRA contributions do not count towards your Traditional IRA contribution limits.
However, a SIMPLE IRA counts as an Employer Sponsored Retirement Plan, so the ability to make a Deductible IRA Contribution phases out at certain income levels depending on your filing status:
You can check out the TurboTax FAQ below for more information on Deductible IRA Contributions:
https://ttlc.intuit.com/replies/3301534
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
vicente
Level 3
user17538294352
New Member
tcondon21
Returning Member
march142005
New Member
rpbean
New Member