---
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.
---

[Insights](https://blog.crossborder-wealth.com/insights)

# [Can I still have a traditional IRA if I contribute to my 401(k) plan at work?](https://blog.crossborder-wealth.com/insights/can-i-still-have-a-trad.-ira-alongside-401k-plan-at-work)

 Written by [Cross Border Wealth](https://blog.crossborder-wealth.com/insights/author/cross-border-wealth) | Mar, 17, 2023 - 10:00 AM

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:

  

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.

[View full post](https://blog.crossborder-wealth.com/insights/can-i-still-have-a-trad.-ira-alongside-401k-plan-at-work)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Cross Border Wealth"
  },
  "dateModified" : "2023-10-24T04:57:22.447Z",
  "datePublished" : "2023-03-17T10:00:00Z",
  "headline" : "Can I still have a traditional IRA if I contribute to my 401(k) plan at work?",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1576,
    "url" : "https://info.crossborder-wealth.com/hubfs/CBW%20Featured%20Photo%20for%20Articles%20%281%29-2.jpg",
    "width" : 1880
  },
  "mainEntityOfPage" : "https://blog.crossborder-wealth.com/insights/can-i-still-have-a-trad.-ira-alongside-401k-plan-at-work",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://5213925.fs1.hubspotusercontent-na1.net/hubfs/5213925/CBW%20Branding%202021/CBW_favicon.jpg",
      "width" : 60.0
    },
    "name" : "Insights"
  }
}
```