Based on the AGI I qualify.. but I’m hearing different things.. some people are saying that since I put money into an 401k with my company that I can’t open the...
I understand that part. The part I have a question on is my company offers retirement benefits in form of 401k.. so I’m asking can I still open a IRA ( deposit ...
Thanks… it looks like I’m below the AGI it’s stating.. so I should be good but can I have the IRA open in my name or would it have to be under my wife’s name??
Right but if I put enough in an IRA that it offsets the amount of owed taxes let’s just say I owe 1,200 and I put let’s just say 6,000 in a IRA and now it’s sho...
Correct so my question is if I deposit money into a IRA account and offset the amount that is owed does the underpayment penalty go away or am I assessed the pe...
