- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My husband has a retirement plan (401K) at work. I dont. Our AGI is between 155 and 160K, would I be able to open/contribute to an IRA and take the deduction?
Also, would it make a difference if it was a traditional or Roth IRA?I don't want to upgrade to premier if the answer is no.
Topics:
June 4, 2019
3:11 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Yes, you can make a deductible contribution to a traditional IRA with up to $193,000 in AGI in you scenario.
You could also contribute to a Roth at your income level, but Roth contributions are never deductible.
June 4, 2019
3:11 PM