
|Articles|August 1, 2008
Contributing to a spousal IRA
I'm covered by a retirement plan at work, but my husband isn't. What's the maximum deductible contribution we can make for him to a traditional IRA for 2008?
Advertisement
I'm covered by a retirement plan at work, but my husband isn't. What's the maximum deductible contribution we can make for him to a traditional IRA for 2008?
If your joint adjusted gross income is $159,000 or less and you file a joint tax return, you can make a deductible contribution of up to $5,000. That limit rises to $6,000 if your husband is 50 or older. Once your joint AGI tops $159,000, however, the size of your deduction starts shrinking, and it disappears entirely when your joint AGI reaches $169,000.
Advertisement
Advertisement
Advertisement
Trending on Medical Economics
1
Doctor's orders aren't enough: Insurance denials leave millions delayed, sicker and in debt
2
10 takeaways on patient financial engagement from MGMA Summit 2026
3
How many patients actually read their drug labels?
4
Clinic manager convicted in $8M Medicare fraud; AI fitness coaches; experimental treatment for opioid use disorder – Morning Medical Update
5






