Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a foreign student holding F-1 visa contribute to IRA and have tax deduction?

April 26, 2017contribute F-1 foreign holding IRA student tax deduction Visa

0

Posted

Can a foreign student holding F-1 visa contribute to IRA and have tax deduction?

1 Answer

0

Posted

A24 There are two conditions to meet. Any individual can open and make contributions to a tax deductible traditional IRA, as long as you or your spouse (if you file a joint return) receive taxable earned compensation during the year and you were not 70 1/2 years old by the end of the year.