nondeductible
adjective
non·de·duct·ible
ˌnän-di-ˈdək-tə-bəl 
: not deductible
especially
: not deductible for income tax purposes
a nondeductible contribution
Examples of nondeductible in a Sentence
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Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth.
—
Kate Dore, Cfp®, CNBC, 29 Oct. 2024
This form is essential for reporting nondeductible contributions to your IRA and tracking the basis of your conversions.
—Jessica Ledingham, J.d., Ll.m., Forbes, 16 Oct. 2024
Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth.
—Kate Dore, Cfp®, CNBC, 2 Oct. 2024
In such cases, the investor would just let contributions stay in the nondeductible IRA.
—Greg Iacurci, CNBC, 5 Sep. 2024
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Kate Dore, Cfp®, CNBC, 29 Oct. 2024
This form is essential for reporting nondeductible contributions to your IRA and tracking the basis of your conversions.
—Jessica Ledingham, J.d., Ll.m., Forbes, 16 Oct. 2024
Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth.
—Kate Dore, Cfp®, CNBC, 2 Oct. 2024
In such cases, the investor would just let contributions stay in the nondeductible IRA.
—Greg Iacurci, CNBC, 5 Sep. 2024
See all Example Sentences for nondeductible
Dictionary Entries Near nondeductible
Cite this Entry
“Nondeductible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nondeductible. Accessed 21 Nov. 2024.
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nondeductible
adjective
non·de·duct·ible
-di-ˈdək-tə-bəl
: not deductible
especially
: not deductible for income tax purposes
a nondeductible contribution
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