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2005 IRA contribution

Posted by judywisconsin (My Page) on
Tue, Nov 22, 05 at 19:48

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?

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RE: 2005 IRA contribution

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

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