nondeductible
This describes money you put into an account that you already paid taxes on, so you cannot subtract it from your taxable income that year. It matters because it affects how much tax you owe later when you take the money out.
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- nondeductible contribution
A nondeductible contribution is money you put into a traditional IRA but cannot subtract from your taxable income that year. You still pay normal income tax on it upfront, which matters later when you convert it.
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