Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Also, you'll see that we both contributed 6000 to our traditional IRA plans for 2022. Is there any point where we can contribute more and

Also, you'll see that we both contributed 6000 to our traditional IRA plans for 2022. Is there any point where we can contribute more and get a deduction? I guess I just want a refresher on the rules for making contributions to a traditional IRA. Also, we made some cash contributions. At what point does charitable contributions help for tax purposes? Last I believe both myself and my spouse will make significant more money next year. At what point will the child text credit phase out for us?
image text in transcribed
Quertion. Also, youl see that ye both contrbuted $6,000 to out thaditional IRA plans fot 2022 . Is there any point where ve can contribute more and get a deduction?1 guess lust vart ateliesher on the tules for making contributions to Tradzion al FAs. Alsoive made some oash contributions. At what point does charitable contributiony

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions