Iras Tax Deduction
May 18th, 2010
Question: Taxed Fellowship and IRA Deduction?
I am working on my income tax returns online, and the service does not recognize my taxable fellowship as qualified earned income for IRA deduction purposes.
On the one hand, I am required to pay taxes on my fellowship; on the other hand, it does not count towards IRA deductions.
Why?
Answer: The big man waz here!!! remember it!!!
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Posted in Retirement Plan Deductions | 
Tags: 2008_tax_changes, ira, iras tax deduction, irs_taxes, itemizing_deductions, tax