Nondeductible Contributions. You may make nondeductible contributions to your IRA to the extent that deductible contributions are not allowed. The sum of your deductible and nondeductible IRA contributions cannot exceed your contribution limit (the lesser of the allowable contribution limit described previously, or 100 percent of compensation). You may elect to treat deductible IRA contributions as nondeductible contributions.
Appears in 6 contracts
Samples: Traditional Ira Adoption Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
