Yes, IRA contributions are tax-deductible — if you qualify. To be clear, we’re talking here about contributions to a traditional IRA. Contributions to a Roth IRA are not tax-deductible. Here’s how to figure out if you qualify to deduct your traditional IRA contributions: If you don’t have a work retirement plan If you, and your...
The article Are IRA Contributions Tax-Deductible? originally appeared on NerdWallet.
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