nondeductible contribution


Funds contributed to a qualified retirement plan that are not deducted for tax purposes, either voluntarily or because the maximum deduction for the given year has been exceeded.

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You should try and figure out how to make a nondeductible contribution work out the best for your companies future.

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It was a nondeductible contribution to be sure, but it was one which he felt was essential to the health of the account.

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I have to be careful not to make any nondeductible contributions to my Roth IRA since I will be close to my $5500 limit soon.

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