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Community: Investing Wiki

Term Of The Hour

deducting ira contributions: Original post by Deborah Barlowe of Demand Media A person may choose to save for his retirement by opening a traditional IRA, Roth IRA or both. While the Internal Revenue Service recognizes both types of individual retirement accounts, the IRS treats a taxpayer's contributions to each differently. Whether the IRS allows a person to deduct his contribution to an IRA depends on the type of…

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