If an Individual Is Ineligible to Make a Deductible Contribution

question 85

True/False

If an individual is ineligible to make a deductible contribution to a traditional IRA, nondeductible contributions of any amount can be made to a traditional IRA.

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Definitions:

Authoritative Parents

A parenting style characterized by high responsiveness and high demands, balancing clear, strict guidelines with emotional support and recognition of independence.

Personality Development

The growth and development of the organized pattern of behaviors and attitudes that makes a person distinctive.

Biological Parents

The parents who contributed the genetic material to the creation of an offspring.

Adopted Children

Children who have become part of a family they were not born into, through a legal process.