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    noboat's Avatar
    noboat Posts: 31, Reputation: 1
    Junior Member
    		  
    #1

    Mar 14, 2007, 06:59 AM
    Ira contibution
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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