Question

 What are deductible IRA contributions?

Answer Deductible IRA contributions are contributions that you make to your traditional IRA account. You can deduct these contributions from your taxable income.EligibilityYou must be under age 70 1/2 and... Read More »
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Top Q&A For: What are deductible IRA contributions

What percentage of contributions are tax deductible?

In most cases, the value of your deduction of charitable donations to qualified organizations cannot exceed 50 percent of your adjusted gross income. However, for certain groups such as veterans' g... Read More »
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Are Contributions to a 527 Tax Deductible?

A 527 is a tax-exempt political organization formed to influence the election. It does have a tax-free status that allows unlimited gifts from contributors. Those contributions are not tax-deductib... Read More »
http://www.ehow.com/info_8515526_contributions-527-tax-deductible.html

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 »
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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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