BenefitsLink Message Boards > deductible "traditional" IRA

Help - Search - Members - Calendar

Full Version: deductible "traditional" IRA

BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs

greggi39

Dec 30 2003, 08:43 AM

Is the AGI still applicable to the deduction of an IRA? If so, what is the scale for a single person?

pax

Dec 30 2003, 09:21 AM

Check out IRS Publication 590. http://www.irs.gov/pub/irs-pdf/p590.pdf

jevd

Dec 30 2003, 09:22 AM

AGI only applies if your are covered by a retirement plan at work. For 2003 the phase out limit is between $40K & $50K. For 2004 the Phase out is $45K to $55K.

See Publiction 590 at IRS.gov.

http://www.irs.gov/pub/irs-pdf/p590.pdf

PAX,

Your quicker on the trigger.

Appleby

Dec 30 2003, 12:51 PM

...and Deducting IRA Contributions at http://www.investopedia.com/university/ret...ns/ira/ira2.asp

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.