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Taxmos: if i contribute to my IRA would that reduce my total taxable income?

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motley stage headpube
  03/24/19
Depends if your contribution is post tax or pre tax
Costumed temple corn cake
  03/24/19
Depends on traditional or roth, your income level and whethe...
bull headed chocolate resort azn
  03/24/19
Roth IRA, 40-50k pre tax annual income, no conversions
motley stage headpube
  03/24/19
If you made 50k and put 5k in a Roth, you're taxed on 50k. I...
ivory bat-shit-crazy senate
  03/24/19
so i shouldnt bother rushing to throw money into my IRA then...
motley stage headpube
  03/24/19
If you want to reduce your taxable income and can make deduc...
Sticky roommate
  03/24/19


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Date: March 24th, 2019 7:41 PM
Author: motley stage headpube



(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983426)



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Date: March 24th, 2019 7:44 PM
Author: Costumed temple corn cake

Depends if your contribution is post tax or pre tax

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983439)



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Date: March 24th, 2019 7:46 PM
Author: bull headed chocolate resort azn

Depends on traditional or roth, your income level and whether you've done any conversions in taxable year.

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983456)



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Date: March 24th, 2019 7:51 PM
Author: motley stage headpube

Roth IRA, 40-50k pre tax annual income, no conversions

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983488)



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Date: March 24th, 2019 7:54 PM
Author: ivory bat-shit-crazy senate

If you made 50k and put 5k in a Roth, you're taxed on 50k. If you put in a traditional, you're taxed on 45k.

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983499)



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Date: March 24th, 2019 7:58 PM
Author: motley stage headpube

so i shouldnt bother rushing to throw money into my IRA then for 2018 tax return?

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983520)



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Date: March 24th, 2019 8:01 PM
Author: Sticky roommate

If you want to reduce your taxable income and can make deductible contributions into your trad IRA for 2018, why not?

(http://www.autoadmit.com/thread.php?thread_id=4228119&forum_id=2#37983532)