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Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retire…

Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retire…
asked 178k views
2 votes
Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan.

a. True
b. False

asked
User Eaglefreeman
by
7.8k points

1 Answer

7 votes
The answer is TRUE. Subject to the annual dollar limitation and the earned income limitation is deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan. This is also according to IRS website.
answered
User Laurent Luypaert
by
8.6k points
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