Unmarried Taxpayers Who Are Not Active Participants in a Pension

question 47

True/False

Unmarried taxpayers who are not active participants in a pension plan are allowed to deduct their entire contribution to an IRA regardless of the amount of their adjusted gross income.

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Definitions:

Appellate Court

A court that reviews the decisions of lower courts to determine if legal errors were made that could change the outcome of a case.

Disposition

The final settlement or conclusion of a court case or legal matter.

Affirmed

A term used in law to indicate that a decision made at a lower court level is confirmed by a higher court.

Reversed

A legal term referring to a court's decision to overturn or annul a previous judgment or ruling.