The primary benefits of the Traditional IRA include the tax-deferred growth of your investments and the possible tax-deductibility of your contributions. Everyone under age 70 ½ at the end of the year, with earned income, is eligible to contribute – there’s no income limit.
Please consult with you tax advisor on which IRA is the best fit for you.
Contributions and Deductibility
Please click here to view the contribution and deductibility limits.
Click here to view the IRS Publication.
Click here to view our Current Rates.
The tax information provided is for informational purposes only and is not intended, and should not be construed, as tax advice or a recommendation. Denmark State Bank does not provide legal or tax advice and you should consult with a professional tax advisor about your individual circumstances.