Assertion: ira contribution | /r/HasProperty | deductible
Facets:
value: in part
type: OTHER
value: in the contribution year
type: TEMPORAL
value: in whole
type: OTHER
Source sentences:
text: Roth IRA contributions aren’t deductible.
text: Your traditional IRA contributions may be tax-deductible.
text: Which IRA Contributions Are Tax Deductible?
text: However, Traditional IRA contributions are only deductible if an individual’s modified adjusted gross income (MAGI) falls below a certain threshold.
text: Traditional IRA contributions are deductible, but the amount you can deduct may be reduced or eliminated if you or your spouse is covered by a retirement plan at work.
text: TurboTax can help you determine whether your IRA contributions are deductible and will calculate exactly how much you can deduct.
text: Traditional IRA contributions are tax-deductible in part or whole in the contribution year because you pay into them with pre-tax dollars and pay tax on them at the time of withdrawal.
text: Traditional IRA contributions are tax-deductible on both state and federal tax returns for the year you make the contribution.
text: If your high level of income makes you ineligible to make Roth contributions, or you decide to go with a traditional IRA for another reason, then you should check if your spousal IRA contribution will be tax-deductible.