Can Roth IRA losses be deducted on taxes?

Answer You can only deduct losses on your Roth IRA if you close all of your Roth IRA accounts and the total you receive plus any other distributions taken from the accounts is less than your total contrib... Read More »

Top Q&A For: Can Roth IRA losses be deducted on taxes

How do I Convert From a Traditional IRA to a Roth IRA With Offset Capital Losses?

A Roth IRA offers investors tax-free distributions on the money inside the account. A Roth IRA can invest in any kind of investment product that a traditional IRA can invest in, but the traditional... Read More »

Can PTA donations be deducted on taxes?

The national Parent Teacher Association, more commonly known as the PTA, is registered as a 501(c)(3) non-profit agency, and contributions to it are tax deductible. To deduct contributions to your ... Read More »

How much in taxes is deducted from a paycheck?

The amount of money that is withheld from your paycheck depends on your income and the number of exemptions you claimed on your W-4 form. In addition, 7.65 percent of your income is withheld for F... Read More »

How are payroll taxes deducted?

Employers are required by law to withhold payroll taxes from employees' paychecks and pay them to the government. The amount of payroll tax withheld depends on the type of tax being deducted.Federa... Read More »