dmertz
Level 15

Retirement tax questions

The individual limit for 1986 was $2,000.  $2,250 was, when filing jointly, the limit for the sum of a working individual's contribution and that of the working individual's nonworking spouse to separate IRA for each.

 

As long as there was sufficient compensation, it's likely that the contributions made before 1986 were not excess contributions and failure to claim the deduction simply meant paying more tax than necessary for those years.