Consolidated financials average out the gap between your best and worst offices. Here's how to measure profit by location, allocate shared overhead and decide whether to fix, expand or close an office.
|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?
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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.
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