--- title: Can I still have a traditional IRA if I contribute to my 401(k) plan at work? description: Learn about the benefits of having a traditional IRA alongside your 401(k) plan at work. Discover the contribution limits, tax deductions, and potential tax credits for 2022. image: https://blog.crossborder-wealth.com/hubfs/CBW%20Featured%20Photo%20for%20Articles%20(1)-2.jpg --- [Skip to content](https://blog.crossborder-wealth.com/insights/can-i-still-have-a-trad.-ira-alongside-401k-plan-at-work#main-content) [![CROSS BORDER | WEALTH](https://blog.crossborder-wealth.com/hubfs/CBW%20BRANDING%202024/POSITIVE%20BLUE.svg "CROSS BORDER | WEALTH")](https://crossborder-wealth-5213925.hs-sites.com/home) - [Who We Are](https://crossborder-wealth.com/who-we-are) - [What We Do](https://crossborder-wealth.com/what-we-do) - [Why Us](https://crossborder-wealth.com/why-us) - [Insights](https://crossborder-wealth.com/insights) - [Weekly Articles](https://blog.crossborder-wealth.com/insights) - [Download Guides](https://info.crossborder-wealth.com/guides-form) - [Monthly Newsletter](https://info.crossborder-wealth.com/insights-subscription) - [Careers](https://crossborder-wealth.com/careers-without-borders) - [Contact Us](https://crossborder-wealth.com/contact-us) ![](https://blog.crossborder-wealth.com/hubfs/CBW%20Featured%20Photo%20for%20Articles%20(1)-2.jpg) # Can I still have a traditional IRA if I contribute to my 401(k) plan at work? - [U.S. Pensions](https://blog.crossborder-wealth.com/insights/tag/u-s-pensions) - 1 mins Yes. Anyone with earned income can open and contribute to a traditional IRA. The contribution limit is $6,000 for 2022 (unchanged from 2021), plus an additional "catch-up" contribution of $1,000 if you're 50 or older. However, you may not be able to deduct your IRA contributions if you're covered by a 401(k) plan at work. Whether or not you can deduct your IRA contributions depends on your filing status and annual income (adjusted gross income, or AGI). Specifically, for tax year 2022:  ![](https://blog.crossborder-wealth.com/hs-fs/hubfs/undefined-4.png?width=600&height=396&name=undefined-4.png)  Special rules apply if your spouse is covered by a plan at work, but you are not. You may also qualify for a partial tax credit for amounts contributed to your traditional IRA or your 401(k) plan. 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