Can an ITIN be used to make tax-deductible contributions to an IRA?
Yes, an Individual Taxpayer Identification Number (ITIN) can be used to make tax-deductible contributions to a Traditional IRA, but there is a critical and often misunderstood caveat: your ability to claim the tax deduction depends entirely on your U.S. tax residency status, not just on having the ITIN itself. For many ITIN holders, especially non-resident […]
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