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Retirement tax questions
Yes, you can convert your Roth IRA to Traditional IRA.
Contributions to a traditional individual retirement account can be tax-deductible in the year you make them. Different IRS rules on IRA contributions apply to differing situations. However,
- You can generally deduct the full amount of an IRA contribution if you and your spouse aren't covered by retirement plans at work.
- If you and your spouse are covered, your contribution might be limited based on your adjusted gross income.
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‎April 1, 2021
8:05 AM