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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 retirement plan. a. True b. False
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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 retirement plan.

a. True
b. False

User Eaglefreeman
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1 Answer

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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.
User Laurent Luypaert
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