Spousal contribution to IRA
Husband make $150,000 a year . Couple files joint return. Wife has no income but would like to contribute to her IRA. Can she deduct and how much? 😕
Husband make $150,000 a year . Couple files joint return. Wife has no income but would like to contribute to her IRA. Can she deduct and how much? 😕
Permalink Submitted by Mark Davids on Thu, 2008-12-11 14:20
as long as the spouse is not an active participant in a retirement plan, then 100% deduction at that AGI level or below… prorated for $150 – $160K though