Your Traditional IRA and Tax Deductions

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How can I determine if my Traditional IRA contribution is tax deductible?

Your Traditional IRA and Tax Deductions

There is a certain list of criteria that will determine whether or not you can deduct your Traditional IRA contribution. These include:

· Your Tax Filing Status

· Your Modified Adjusted Gross Income

· Your Active Participant Status

By working with your accountant, Financial Planner, and your employer you will be able to determine how much of a tax deduction you qualify for.

   

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