Question

 When did IRA contributions start?

Answer The Congress launched Individual Retirement Accounts (IRAs) by passing the Employee Retirement Income Security Act (ERISA) in 1974. The earliest IRAs were mean to help only those employees who had ... Read More »
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Top Q&A For: When did IRA contributions start

Are 529 Contributions Tax Deductible?

Contributions to 529 college savings plans are not tax deductible at the federal level, according to The Motley Fool. However, according to Kiplinger, 34 states and the District of Columbia allow y... Read More »
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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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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 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 »
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