is alimony eligible for ira contribution
Deducting Traditional IRA Contributions. Though you're eligible to contribute to a traditional IRA with your alimony, you might not be able to deduct your contribution if you're covered by a retirement plan at work.You don't necessarily have to participate in the plan -- for example, just being eligible for a defined benefit plan counts.educting Traditional IRA Contributions. Though you're eligible to contribute to a traditional IRA with your alimony, you might not be able to deduct your contribution if you're covered by a retirement plan at work.