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What else can I help you with?
Are 401K contributions tax deductible?
401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable income is reduced, tax is then reduced as well.
Are HSA contributions tax deductible?
They are excluded form taxable income calculations. That is one of the benefits of the program.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Are governor candidate campaign contributions tax deductible?
Political contribution are never tax deductible no matter who the contributions are made to and for which political party.
Do you get a deduction for Roth IRA contributions?
No, contributions to a Roth IRA are not tax-deductible.
Are fundraising donations and contributions to a 501c6 tax deductible?
Contributions to section 501(c)(6) organizations are not deductible as charitable contributions on the donor's federal income tax return. They may be deductible as trade or business expenses if ordi­nary and necessary in the conduct of the taxpayer's business.
Can you get a tax deduction for a donation to the Obama campaign?
You can't. Politcal contributions are not tax deductible.
Are museum memberships tax deductible?
Yes, museum memberships are generally tax deductible as charitable contributions if the museum is a qualified nonprofit organization.
Is a museum membership tax deductible?
Yes, museum memberships are often tax deductible as charitable contributions if the museum is a qualified nonprofit organization.
Are 401K contributions tax deductible?
401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable income is reduced, tax is then reduced as well.
Do I receive a tax form for my Roth IRA contributions?
Yes, you will not receive a tax form for your Roth IRA contributions because they are made with after-tax dollars and are not tax-deductible.
Financing availability and is it tax deductible?
The 529 college savings plan does not offer a tax deductible on federal income tax returns, however the contributions are considered gifts and come out tax free.
All contributions to a pension fund are tax deductible?
Is not always a true statement
Can I claim Roth IRA contributions on my taxes?
No, Roth IRA contributions are not tax-deductible, so you cannot claim them on your taxes.
Are contributions to a 529 savings plan tax deductible?
This depends on which state plan you have signed up for. You can open a plan in a different state to take advantage of a greater selection of mutual funds, however contribution to out of state plans are not tax deductible. Contributions to a 529 plan may be tax deductible at a state level. Rules vary depending on the state.
