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Traditional IRA

Question:   Can I take an IRA deduction for the amount I contributed to a 401(k) plan last year?

Answer:    

  • The amount contributed to a 401(k) plan cannot be used as an IRA deduction.
  • The amount you contributed to a 401(k) plan is not included as income in box 1 of your W-2 form so you don't pay tax on it in the year you make the contribution.

Additional Information:
Category: Individual Retirement Arrangements (IRAs)

Subcategory: Traditional IRA


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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:
IRS, Tax Products Coordinating Committee
SE:W:CAR:MP:T:T:SP
1111 Constitution Avenue NW
Washington, DC 20224


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Page Last Reviewed or Updated: November 26, 2008