Old Rules Apply to New IRA Limits & Violations Can Be Costly!
Jan 26, 2015
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
New income limits are in effect for tax-deductible IRA contributions, Roth IRAs, saver’s credit, and more. Check clients’ income to ensure their continuing eligibility and remind them that breaking the rules can be expensive.