Hello, all.
I'm having trouble understanding the IRS rules for IRAs and was hoping someone could kindly confirm. We are a single-income household. Working spouse participates in their employer-sponsored plan, other spouse does not work. AGI is 110k. Can we contribute to a Traditional IRA and a spousal IRA and still be eligible for the full tax deduction?
I'm having trouble understanding the IRS rules for IRAs and was hoping someone could kindly confirm. We are a single-income household. Working spouse participates in their employer-sponsored plan, other spouse does not work. AGI is 110k. Can we contribute to a Traditional IRA and a spousal IRA and still be eligible for the full tax deduction?
Statistics: Posted by Startica — Mon Jan 08, 2024 2:29 pm — Replies 9 — Views 340