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Retirement tax questions
I’m trying to find out how much we should contribute to my spouses IRA to keep from paying so much in taxes.
His total contributions to all of his traditional and Roth IRA's cannot be more than: $5,500 ($6,500 if he's age 50 or older), or his taxable compensation for the year, if that is less.
Also see:
- IRA Deduction if You ARE Covered by a Retirement Plan at Work - 2018
- IRA Deduction if You Are NOT Covered by a Retirement Plan at Work - 2018 (deduction is limited only if your spouse IS covered by a retirement plan)
June 5, 2019
11:12 PM