Sentences with phrase «entire retirement contributions»

Not exact matches

If you're not covered by a retirement plan at work, you can deduct the entire amount of your IRA contribution (up to $ 5,500 annually, or $ 6,500 if you're 50 or older) on your income tax return.

School districts spend about 60 percent of their budgets on teacher and staff compensation, so a 10 percent increase in retirement contributions means roughly 6 percent of the entire budget has to be reallocated from educating children to paying off underfunded pension plans.

In the ERPaid plan, the employer pays the entire contribution to the retirement system, with teachers contributing through a salary reduction or in lieu of a pay increase.

If you aren't covered by a retirement plan at work, you can deduct your entire annual Traditional IRA contribution limit, which is $ 5,500 for 2017 — $ 6,500 if you're 50 or older.

If an investor participates in an employer - sponsored retirement plan, and if their combined MAGI is less than $ 101,000, they also may be eligible to deduct their entire contribution.