non-deductible ira
client wanted to make a 3500.00 contribution to his ira. contribution deemed non-deductible due to income limitations. amount not deducted on return. letter said in order for the contribution to be deductible please deposit 3500.00 into your ira by 04/15/26. oops. had to hard key the letter with the correct information in order to make it correct. is there a letter update coming?
