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Yes, you can always contribute to an IRA. The deductibility of the IRA depends on your marital status and income levels because you a participant in an employers plan.
If your income is too high the IRA contribution would be non-deductible. You should then also look at do you qualify for a Roth IRA. The earnings on a non-deductible IA are taxable in the future. The earnings on a Roth IRA are not taxable in the future.

2006-11-08 03:52:47 · answer #1 · answered by waggy_33 6 · 0 0

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