Sentences with phrase «now nondeductible»
Does driving home in the middle mean that the trips home and to client B are now nondeductible (because they are from my nonqualifying home office), so I can't even deduct what it would have cost me to go directly from A to B?
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A Roth IRA allows you to receive tax - free distributions of your retirement funds in return for making nondeductible contributions now.
Let's say that, over the years, you have made $ 20,000 in nondeductible contributions to an IRA that is now worth $ 30,000.
By contributing to the nondeductible IRA, you will only be responsible to pay what gains you'll have from now until you convert in 2010.