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What else can I help you with?
Can I deduct IRA contributions on my taxes?
Yes, you can deduct traditional IRA contributions on your taxes, up to certain limits, if you meet the eligibility criteria set by the IRS.
In 2011 how much money can a person under the age of 50 contribute to a traditional IRA?
In 2011, individuals under the age of 50 could contribute up to $5,000 to a traditional IRA. If they were 50 or older, they could make an additional catch-up contribution of $1,000, bringing their total contribution limit to $6,000. These limits are subject to income restrictions and other eligibility criteria.
What are the eligibility requirements for obtaining IRA loans?
To obtain IRA loans, you typically need to be at least 59 and a half years old and have a traditional or Roth IRA account. Additionally, you must meet the lender's credit and income requirements.
Can I contribute to both a Simple IRA and a Traditional IRA?
No, you cannot contribute to both a Simple IRA and a Traditional IRA in the same year.
Can I rollover my 401k to a traditional IRA?
Yes, you can rollover your 401k to a traditional IRA.
Can I deduct IRA contributions on my taxes?
Yes, you can deduct traditional IRA contributions on your taxes, up to certain limits, if you meet the eligibility criteria set by the IRS.
How would one go about comparing traditional ira to Roth IRA?
One could compare traditional IRA to Roth IRA by using the 'Fidelity' website. They have a comparison article between the two including factors such as tax benefits and eligibility.
In 2011 how much money can a person under the age of 50 contribute to a traditional IRA?
In 2011, individuals under the age of 50 could contribute up to $5,000 to a traditional IRA. If they were 50 or older, they could make an additional catch-up contribution of $1,000, bringing their total contribution limit to $6,000. These limits are subject to income restrictions and other eligibility criteria.
How do you get tax benefit on IRA contribution?
You can receive a tax benefit on your IRA contributions in a few ways, depending on the type of IRA you have. For a traditional IRA, contributions may be tax-deductible, reducing your taxable income for the year you contribute. For a Roth IRA, while contributions are made with after-tax dollars and are not deductible, qualified withdrawals in retirement are tax-free. Additionally, income limits may apply, so it's important to check eligibility criteria for tax benefits.
What are the eligibility requirements for obtaining IRA loans?
To obtain IRA loans, you typically need to be at least 59 and a half years old and have a traditional or Roth IRA account. Additionally, you must meet the lender's credit and income requirements.
Does a traditional IRA distribution count as income for the marketplace subsidy?
Yes, a traditional IRA distribution counts as income when determining eligibility for marketplace subsidies. The Internal Revenue Service (IRS) considers IRA distributions as taxable income, which is included in the Modified Adjusted Gross Income (MAGI) calculation used to assess subsidy eligibility. Therefore, recipients should consider potential IRA distributions when evaluating their income for health insurance subsidies through the marketplace.
Who is eligible for Roth IRA Conversion 2010?
The criteria for a Roth IRA conversion have changed and as of 2010 anyone can convert a traditional IRA into a Roth IRA. Whether it makes good sense for you to do so will depend upon your personal financial situation.
How to convert a traditional IRA to a Roth IRA taxes?
Fortunately, you can easily convert your traditional IRA to a Roth IRA during a given tax year. You can contact the company that operates your IRA and have them rollover the traditional IRA to the new Roth IRA.
Can I contribute to both a Simple IRA and a Traditional IRA?
No, you cannot contribute to both a Simple IRA and a Traditional IRA in the same year.
Can you roll a traditional IRA into a sep IRA?
Yes, and sep to traditional as well
Can I rollover my 401k to a traditional IRA?
Yes, you can rollover your 401k to a traditional IRA.
What is eligibility criteria and marks criteria for aieee 2008?
Reading and maths.
