k4areChersunnball k4areChersunnball

04-06-2016
Social Studies

Answered

Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan.

ATrue
BFalse

Verified Answer :

metchelle metchelle

13-06-2016

The answer is TRUE. Subject to the annual dollar limitation and the earned income limitation is deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan. This is also according to IRS website.

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