2005 IRA contribution

judywisconsinNovember 22, 2005

Does anyone know the maximum contribution amounts for this year? (I think it's $4500 if you're over 50). DH is not covered by a 401k at work, but our income is fairly high - will that mean an IRA contribution for him would be nondeductible? I'm self employed (very part-time) - could I do an IRA and a SEP? Or does the SEP count as having a retirement plan, and then disqualifies me for a deductible IRA?


Thank you for reporting this comment. Undo

I don't know the answer, but you can find all of the IRS publications, forms and instructions at this site.

Here is a link that might be useful: IRS - The Digital Daily

    Bookmark   November 25, 2005 at 10:26PM
Sign Up to comment
More Discussions
Can I draw SS on my husbands SS before he draws? SS...
Are insurance premiums a write off
when you file income tax this year? I'm talking Medicare...
Retiring to vs. Retiring from
My DH and I are struggling with upcoming retirement....
A Will-how
MM (Mountain Man) and I are making wills. We do not...
anyone have two homes in retirement
dh and i have been having trouble deciding where to...
© 2015 Houzz Inc. Houzz® The new way to design your home™