In Some Cases, a Taxpayer May Deduct an Otherwise Allowable

question 36

True/False

In some cases, a taxpayer may deduct an otherwise allowable contribution to an IRA, even though the contribution is made after the close of the tax year.

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Definitions:

Notion

An idea, belief, or opinion.

Course

A series of lessons or lectures on a particular subject, typically part of a larger educational curriculum.

Ernst & Young

A multinational professional services network specializing in auditing, consulting, tax, and advisory services.

Chobani

A US-based company known for producing yogurt and other dairy and plant-based products.