Deposits into a Roth IRA Are Tax Deductible

question 53

True/False

Deposits into a Roth IRA are tax deductible.

---

Definitions:

Overseas Operations

Business activities or processes conducted in foreign countries outside of a company's home country.

Corporate Tax Relief

Measures or policies designed to reduce the tax burden on corporations, potentially to stimulate investment or economic activity.

Special-Interest Effect

The impact on policy making by interest groups that can result in legislation that benefits a small group at the expense of the general public.

Tax Breaks

Financial discounts or incentives in the form of reduced tax rates, tax exemptions, or tax deductions provided by the government to encourage certain activities or investments.