A Traditional IRA (Individual Retirement Account) is a self-sponsored retirement savings plan. Contributions to an IRA may or may not be tax-deductible depending on your adjusted gross income. Consult your tax advisor to answer questions about your eligibility for tax deductions.
Please Note
- For IRA applications started under IB-UK, IB-CE, IB-EU and IB-IE, applicants are required to declare US as tax residency before they can proceed to the next step. If they are non-residents and declare other countries as tax residency, they will not be able to proceed to W8 to fill in their SSN.