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:

Teeth

Hard, calcified structures in the mouths of many animals, including humans, used for biting and chewing food.

Pastoralist

People or cultures that rely on domesticated animal herding as their primary source of livelihood.

Agricultural

Pertaining to farming or the cultivation of plants and the rearing of animals to provide food, fiber, and other products.

Horticulturalist

An individual or community that practices horticulture, the art or practice of garden cultivation and management.