If I hold a retirement plan at work , can I stil contribute to a roth ira -?
I file married file jointly - what is the income cut bad for donating to a roth? Husband is self- employed and no retirement plan - he puts his in a traditional ira - what is his cut stale
Answers: You can still contribute $4000 to a Roth IRA ($5000 if over age 50) if your modified AGI is under $156,000.
Your husband can also contribute $4000 to a traditional IRA ($5000 if over age 50) and hold a full deduction if your modified AGI is underneath $156,000.
Phaseout provisions apply over this amount. (See worksheet 17-2 in IRS Publication 17 to compute your "Modified AGI".)
Yes, you can. You can contribute up to 4k a year, but in attendance is income limits.
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Answers: You can still contribute $4000 to a Roth IRA ($5000 if over age 50) if your modified AGI is under $156,000.
Your husband can also contribute $4000 to a traditional IRA ($5000 if over age 50) and hold a full deduction if your modified AGI is underneath $156,000.
Phaseout provisions apply over this amount. (See worksheet 17-2 in IRS Publication 17 to compute your "Modified AGI".)
Yes, you can. You can contribute up to 4k a year, but in attendance is income limits.