http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/comment-page-1/#comment-525 Richard M Mon, 08 Feb 2010 15:36:11 +0000 http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/#comment-525 You can deduct the $10,000, provided your modified AGI is less than $83,000. You can deduct the $10,000, provided your modified AGI is less than $83,000.

]]> http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/comment-page-1/#comment-524 ninasgramma Mon, 08 Feb 2010 14:45:37 +0000 http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/#comment-524 The maximum possible deduction for you is $10,000 ($5,000 per person) for 2007. The deduction increases to $6,000 per person in 2008. The maximum possible deduction for you is $10,000 ($5,000 per person) for 2007. The deduction increases to $6,000 per person in 2008.

]]> http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/comment-page-1/#comment-523 StephenWeinstein Mon, 08 Feb 2010 13:53:28 +0000 http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/#comment-523 The IRA deduction limit is per person. You can each contribute the max (not sure if $5000 is the correct amount) and deduct the total of both contributions (if otherwise eligible to deduct IRA contributions). The IRA deduction limit is per person. You can each contribute the max (not sure if $5000 is the correct amount) and deduct the total of both contributions (if otherwise eligible to deduct IRA contributions).

]]> http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/comment-page-1/#comment-522 newjerseyguy Mon, 08 Feb 2010 13:36:06 +0000 http://www.iraroth.net/2010/02/ira-deduction-how-much-if-married-filing-jointly-and-we-both-have-iras-in-our-own-name/#comment-522 The IRA deduction is per person. The IRA deduction is per person.

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