Married filing separately & Contributions

[TLJ91021]

I want to file separately from my wife. My company offers a 401k but I do not participate and I make way more than $10K annually which eliminates the Roth IRA for me. Can I still open a Traditional IRA for myself? If so, how much can I contribute and how much can I deduct? If not, what are my options for retirement savings other than the 401K and Traditional IRA with any kind of tax incentives?

[DoninGA]

If your AGI is $10,000 or more and you are filing separately and you have a retirement plan at work, you get no deduction for contributing to an IRA.

IRS Publication 590-A page 13 Table 2.1 - https://www.irs.gov/pub/irs-pdf/p590a.pdf#page=13

[TLJ91021]

Thanks for the response, and I read that however reading closely, I stated that I am  not enrolled or participating in my company 401K. That's the question.

[DoninGA · Accepted solution]

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@TLJ91021 wrote:

Thanks for the response, and I read that however reading closely, I stated that I am  not enrolled or participating in my company 401K. That's the question.

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Does not matter if you are not enrolled, the retirement plan is available and is indicated as such on your W-2 in box 13.