Feb 28

Links to sites with information are appreciated.


2 comments so far...

  • Jeff M Said on February 28th, 2010 at 11:54 am:

    These are the rules with it.

    For a Traditional IRA, full deductibility of a contribution for 2006 is available to active participants whose 2006 Adjusted Gross Income (AGI) is $75,000 or less (joint) and $50,000 or less (single); partial deductibility for AGI up to $85,000 (joint) and $60,000 (single). For contributions in tax year 2007, the full deductibility AGI limits are $83,000 or less (joint) and $52,000 or less (single); partial deductibility for AGI up to $103,000 (joint) and $62,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose AGI is less than $150,000 in 2006 and $156,000 in 2007; partial deductibility for AGI up to $160,000 in 2006 and $166,000 in 2007.

  • Dr. Deth Said on February 28th, 2010 at 12:03 pm:

    possibly – are you also able to contribute to the SEP IRA? If yes, just funnel more of your pay into that. If you wind up being limited – you could put money in Roth IRA – post tax

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