TurboTax HelpTurboTax HelpIntuit

Can I contribute to both a 401(k) and an IRA?

SOLVEDby TurboTax296Updated December 29, 2021

Yes. You can contribute to an IRA even if you or your jointly-filing spouse are covered by an employer-sponsored retirement plan such as a 401(k).

How much of the IRA contribution you can deduct, if any, is based on your filing status and modified adjusted gross income. We’ll figure that out for you.

Was this helpful?

You must sign in to vote, reply, or post
TurboTax Desktop BasicTurboTax Desktop BusinessTurboTax Desktop DeluxeTurboTax Desktop Home and BusinessTurboTax Desktop PremierTurboTax Live BasicTurboTax Live DeluxeTurboTax Live Full Service BasicTurboTax Live Full Service Complex IncomeTurboTax Live Full Service Complex Self-EmployedTurboTax Live Full Service DeluxeTurboTax Live Full Service PremierTurboTax Live Full Service Self-employedTurboTax Live PremierTurboTax Live Self-employedTurboTax Mobile Apps DeluxeTurboTax Mobile Apps FreeTurboTax Mobile Apps PremierTurboTax Mobile Apps Self-employedTurboTax Online DeluxeTurboTax Online FreeTurboTax Online PremierTurboTax Online Self-employed
Dynamic AdsDynamic Ads