Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

noboat
Mar 14, 2007, 06:59 AM
i do not participate in my company 401k plan. am i eligible to make a contribution to an ira & claim it on my 06 tax teturn? thanks. noboat
AtlantaTaxExpert
Mar 16, 2007, 12:22 PM
Yes, if you do not participate in the 401K plan or any other plan, you can contribute to a traditional and deduct the contrubution from your income taxes.