Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
Now that you know where the leak is, youâll want to slow the leak to prevent further water damage. First, turn off the water heater. 1  For electric water heaters, find the water heaterâs circuit breaker and flip it to âoff.â. 2  For gas water heaters, look on your water heater for an on/off switch or dial. 3  Turn it to âoff.â.