
|Articles|August 1, 2008
Contributing to a spousal IRA
I'm covered by a retirement plan at work, but my husband isn't. What's the maximum deductible contribution we can make for him to a traditional IRA for 2008?
Advertisement
I'm covered by a retirement plan at work, but my husband isn't. What's the maximum deductible contribution we can make for him to a traditional IRA for 2008?
If your joint adjusted gross income is $159,000 or less and you file a joint tax return, you can make a deductible contribution of up to $5,000. That limit rises to $6,000 if your husband is 50 or older. Once your joint AGI tops $159,000, however, the size of your deduction starts shrinking, and it disappears entirely when your joint AGI reaches $169,000.
Advertisement
Advertisement
Advertisement
Trending on Medical Economics
1
Where misinformation about patient health actually comes from
2
Americans still trust Fauci more than Kennedy on public health, even after a Senate panel held him in contempt
3
Health care IT is drowning — and AI just made it worse
4
AI-designed drug could slow aging; chatbots abandon referral advice when patients push back; virtual reality helped anxious patients finish cardiac scans — Morning Medical Update
5





