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June 5, 2019
Question

Can I deduct the contributions to an employee-based ORP retirement account?

  • June 5, 2019
  • 1 reply
  • 0 views

My employer uses Fidelity Investments, and I have and ORP Blended Investment TRP Retirement 2060 account. 

    1 reply

    Employee
    June 5, 2019

    No the contributions are already tax deferred because they are taken from your wages by your employer.  Only traditional IRAs are deductible for most taxpayers.

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