- nondeductible contribution
- A contribution to either a traditional IRA or Roth IRA. income tax is due on the contribution in the tax year for which the contribution is made. Bloomberg Financial Dictionary
Financial and business terms. 2012.
nondeductible contribution
Look at other dictionaries:
nondeductible — adjective Date: 1943 not deductible; especially not deductible for income tax purposes < a nondeductible contribution > • nondeductibility noun … New Collegiate Dictionary
contribution — money placed in an individual retirement account ( IRA), an employer sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account. Bloomberg… … Financial and business terms
Self-Directed IRA — A Self Directed Individual Retirement Account is an IRA that requires the account owner to make investment decisions and investments on behalf of the retirement plan. IRS regulations require that either a qualified trustee, or custodian hold the… … Wikipedia
Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… … Wikipedia
Traditional IRA — A traditional IRA is an individual retirement account (IRA) in the United States. The IRA is held at a custodian institution such as a bank or brokerage, and may be invested in anything that the custodian allows (for instance, a bank may allow… … Wikipedia
