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Pronunciation varies by accent · adjective
(finance) That cannot be deducted for income tax purposes, and that tax has to be paid on..
Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion.
Use nondeductible when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Nondeductible means (finance) That cannot be deducted for income tax purposes, and that tax has to be paid on..
The closest synonym depends on the sentence and intended sense.
Possible antonyms include deductible.
Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion.
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