Since you have a 401k plan available to you whether you participate or not you are not allowed to claim a tax deduction for contributions to a traditional IRA.Not exactly. When you are covered by a pension plan (including a 401k) at work, you can still deduct an IRA contribution if your income is below certain thresholds (around $60k for singles and $100k for joint returns - but that's just off the top of my head, so be sure to look up the exact numbers if it's important).--Peter
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