Brendan Willmann, CPA, EA, CFP®
Asheville: 828-348-8698
Cincinnati: 513-549-2736

Is my Traditional IRA contribution deductible?

Potentially.  There are a host of rather complex rules governing the deductibility of Traditional IRA contributions.

Traditional IRA contributions can either be deductible or non-deductible.  To further complicate matters, a contribution may be partially deductible (and thus partially non-deductible as well).  Deductibility depends upon filing status, income and whether you and your spouse (if applicable) are “covered” by a retirment plan at work.

We encourage you to consult a qualified tax professional to answer your question and discuss appropriate strategies.

Discussion

Comments are disallowed for this post.

Comments are closed.