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2. I Have an IRA. Do I Need a Form 8606 for My Taxes? - AOL

   www.aol.com/ira-form-8606-taxes-145059069.html

   If you use an IRA to save for retirement, IRS Form 8606 might be an important part of tax season. Specifically, this is the form on which you report nondeductible contributions to an IRA. It is ...

3. Have an IRA? Your Retirement Savings Could Suffer If You ...

   www.aol.com/ira-retirement-savings-could-suffer...

   If you have an individual retirement account, you need to get acquainted with IRS Form 8606 before filing your tax return this year. Failing to file a Form 8606 could result in a $50 penalty unless...

4. Backdoor Roth IRA: What It Is, Tax Implications and How To ...

   www.aol.com/backdoor-roth-iras-build-back...

   Fund the IRA with one or more nondeductible contributions. The contributions become non-deductible when you file IRS Form 8606 with your tax return, according to Vanguard. Open a Roth IRA with the ...

5. Roth IRA conversion: Here’s everything you need to know ...

   www.aol.com/finance/roth-ira-conversion...

   Individuals make a contribution to a nondeductible IRA first and then transform it into a Roth IRA – the so-called backdoor Roth IRA approach. You’re expecting to pay higher tax rates in ...

6. What Is a Non-Deductible IRA? - AOL

   www.aol.com/news/non-deductible-ira-201432344.html

   A non-deductible IRA is a retirement plan you fund with after-tax dollars. So you can’t deduct contributions from your income taxes as you would with a traditional IRA. However, your non ...

7. IRA taxes: Key rules to know and how much you can ... - AOL

   www.aol.com/finance/ira-taxes-key-rules-know...

   However, you can still make an after-tax, or non-deductible, contribution to a traditional IRA. In contrast, contributions to a Roth IRA account are made with after-tax income. Like a traditional ...

8. Backdoor Roth IRA: What it is and how to set one up - AOL

   www.aol.com/finance/backdoor-roth-ira-set-one...

   A nondeductible contribution is contribution to a traditional IRA that does not come from pre-tax income. This process can be simple but may not be, if you have money in other traditional IRAs ...

9. How to report IRA conversions on your taxes - AOL

   www.aol.com/news/how-to-report-ira-conversions...

   Our tax experts are answering Yahoo Finance viewer questions as we hit the homestretch of tax season. A lot of those questions have to do with the delicate dance of taxes and retirement investing.