How much should a married couple filing jointly contribute to a traditional ira for maximum tax benefits?
Is it specific to their income, expenses, etc.?
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1 Best answer
ChrisJ
New Member
Jun 1, 2019 3:07:18 AM
If neither you nor your spouse is covered by a retirement plan at work, your deduction is allowed in full.
For contributions to a traditional IRA, the amount you can deduct may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.
If neither you nor your spouse is covered by a retirement plan at work, your deduction is allowed in full.
For contributions to a traditional IRA, the amount you can deduct may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.