I particiapte in a SIMPLE IRA at work. Do SIMPLE IRA contributions count toward Traditional IRA contribution limits? I want to open a traditional IRA to reduce my tax.

[Rachel_W]

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:

• Single & Head of Household- Phases out between $62,000 - $72,000

• Married Filing Joint & Qualifying Widow- Phases out between $99,000 - $119,000

• Married Filing Separate- Phases out between $0 - $10,000

You can check out the TurboTax FAQ below for more information on Deductible IRA Contributions:
https://ttlc.intuit.com/replies/3301534