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Deductible Contribution
(redirected from Deductible Contributions)

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Deductible contribution
Amount paid into an IRA, an employer-sponsored retirement plan, or other type of retirement plan for a particular tax year that is a deduction from income for tax purposes.

Deductible Contribution
A contribution that one may place into an IRA, 401(k), or other retirement plan each year that can reduce one's taxable income by the same amount. That is, the deductible contribution is the portion of one's retirement contribution that is tax deductible. The IRS generally sets the limits on deductible contributions. For example, the limit on deductible contributions for 401(k) plans was $16,500 in 2009.


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The actual deductible contributions are determined by a complex set of mathematical calculations and regulatory requirements, which must be performed by qualified actuaries.
The Recycled Tire Research and Engineering Foundation has received 501-C-3 status from the Internal Revenue Service, positioning the foundation to receive tax deductible contributions, bequests, devices, transfers and gifts.
412(i) plans as a way of protecting retirement funds against future market fluctuations and economic downturns, while also providing substantially larger deductible contributions than traditional retirement plans.
 
 
 
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