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What is a "regular contribution" for a Traditional IRA?
When it got to the tax deduction portion for the IRA's, it brought us to the page where we could open mint and find a place to create an IRA and it says you can get an additional deduction on your taxes. We figure, sounds like a win/win, open a retirement account and get a larger deduction.
So on the TurboTax page it asks if we plan on making a regular contribution to the IRA by April 2017. When it says regular, does that mean a single deposit, a monthly deposit, or is there some other guidelines or stipulations on what fulfills that? Does a specific amount of money need to be deposited to meet the requirements?
So on the TurboTax page it asks if we plan on making a regular contribution to the IRA by April 2017. When it says regular, does that mean a single deposit, a monthly deposit, or is there some other guidelines or stipulations on what fulfills that? Does a specific amount of money need to be deposited to meet the requirements?
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May 31, 2019
7:30 PM