Skip to main content

Posts

Showing posts with the label PenaltyfortakingmoneyoutofanIRA

IRA-Individual Retirement Account Income Tax 2018

Individual retirement account income tax treatment. See links below to jump to relevant parts of IRA video. 0:35 Introduction & What is Compensation? 11:25 What’s New & Remainders 23:31 Individual Retirement Annuity 27:38 Simple IRAs 30:12 Simple Employee Pension (SEP) 33:03 How Much Can Be Contributed? 34:40 General Limit 41:39 Kay Bailey Hutchison Spousal IRA Limit 44:37 How Can a Traditional IRA Be Opened? – Filing Status 49:23 How Can a Traditional IRA Be Opened? – Maximum Contributions 53:10 When Can Contributions be Made? 1:05:37 How Much Can You Deduct? 1:11:57 Are You Covered by An Employer Plan? 1:25:45 Limit if Covered by Employer Plan 1:43:33 Tax Software Limit if Covered by Employer Plan 1:50:10 Figure (Calculate) Reduced IRA Deduction & Reporting Deduction Contributions 1:54:12 Nondeductible Contributions 2:05:33 Example – Worksheet for Reduced IRA Deduction for 2018 2:13:29 What if You Inherit and IRA? 2:22:58 Can You Mo