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Results tagged with tax-deduction
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user 13210
A tax deduction is a deduction that lowers a person’s tax liability by lowering his taxable income. Deductions are typically expenses that the taxpayer incurs during the year that can be applied against or subtracted from his gross income in order to figure out how much tax is owed.
5
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Rollover IRA vs traditional IRA (can I make contributions to the rollover IRA?)
It is possible that some rollover IRAs (from a 401k for instance), can in future be rolled into a new employer's like-kind retirement plan. If you are able to contribute to this IRA in the intermitte …
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