Deductibility of IRA Contributions

IRA Deductibility and the TCJA – Status Quo

As April 15, tax day, looms, many individuals rush to squeak in an IRA contribution for the 2018 tax year…. One question that looms large this year, however, is whether changes to the tax code, which are expected to lead to many fewer taxpayers claiming itemized deductions versus claiming the standard deduction starting in 2018, affect the deductibility of those IRA contributions….

Is My Contribution Deductible?

With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So, here are some pointers that might help you juggle the two....