Question

 Are traditional IRA contributions tax deductible?

Answer Contributions made to a traditional IRA are usually tax deductible as an adjustment to income. However, if you or your spouse is covered by an employer sponsored plan and your income exceeds the an... Read More »
http://www.answerbag.com/q_view/2053056

Top Q&A For: Are traditional IRA contributions tax deductible

Are SEP IRA contributions tax deductible?

SEP IRA contributions are tax-deductible. A SEP IRA is a tax-deferred retirement account, which means that the money grows tax-deferred, but you must include withdrawals from SEPs as income on your... Read More »
http://www.answerbag.com/q_view/2049842

Are contributions to a PTO tax deductible?

Contributions to nonprofit groups such as a parent-teacher organization (PTO) are tax-deductible only if the group is recognized as a "qualified organization" by the IRS. Many PTOs are, in fact, l... Read More »
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Are MSP contributions tax deductible?

Your MSP contributions--those made to the Medical Services Plan of British Columbia--are not technically tax deductible. However, you could claim them as a medical expense on your tax return. To do... Read More »
http://www.answerbag.com/q_view/2241323

Are USO contributions tax deductible?

The USO Care Package is a 100 percent tax-deductible donation to soldiers fighting overseas. When you make your contribution, you will receive a receipt for the donation amount for tax purposes.Ref... Read More »
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