How much can my husband and I deposit in our IRAs for 2018 to lower our federal tax due?

mknight73 · ‎June 4, 2019

Coleen3 · ‎June 4, 2019

The maximum contribution/deduction is $5,500 or $6,500 for age 50 or older. You must have sufficient income, but not too much if you are covered by a pension plan at work. ($6,000/$7,000 for 2019)

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

https://www.irs.gov/retirement-plans/ira-deduction-limits

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Coleen3 · ‎June 4, 2019

The maximum contribution/deduction is $5,500 or $6,500 for age 50 or older. You must have sufficient income, but not too much if you are covered by a pension plan at work. ($6,000/$7,000 for 2019)

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

https://www.irs.gov/retirement-plans/ira-deduction-limits

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