Your Traditional IRA and Tax Deductions

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Traditional IRA and other Retirement Planning topics.

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.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!

Guru Spotlight
Lynne Christen