|
|
| *Home>>>Income Fund |
Can my wife take a deduction for her $5000.00 contribution to her IRA? |
She is 68. Neither of us is covered by a "Company Plan". As long as you have earned income of at least $5,000 she should be all set to contribute. The IRS doesn't look to see where the contributions come from, just that there is earned income to offset the contribution. You could also contribute $5,000 to your IRA with the AGI of $42,000 if you haven't already. You should be ashamed that you wife contributed such a large amount of money to the Irish terrorists She can only contribute to an IRA if she has earned income. However the funds do not have to come directly from a pay check. If she has at least 5000 in income her contribution is deductible. You should also check out the retirement savings tax credit. |
| Tags |
| Investment Account Invest Money Invest in Gold Invest Fund Income Fund HYIP High Yield Hedge Fund |
| Related information |
Income from both company should be clubbed. The amount so arrivied will be your total income from that you have to calculate tax. Now question arises whether Company A has provided the Income s... You will report the gain or loss of the sale on a Schedule D. You will need to know the fair market value of the investment on the day your grandmother died. The difference between that value and... I'm confused about your reference to "charity," when you also say that "part of profits will go to low-income women who need money for college tuition." Will this be a 501... Tito..... Let me break this down for you. I would love if the Fed could do something. The point is you dont understand mortgages. Mortgages are sold on the open market as mortgage backed secu... your information is incorrect. there is no zero rate on capital gains unless the amounts are so small that no tax is due at all. *** maybe there's a play here on paying 15% long term ca... Mutual funds also have tax implications, unless you are putting that money into a retirement vehicle, where it becomes tax deferred. It all depends on what your appetite is for risk, yield, and wha... You cannot expect people to pay for you. Be a man take care of yourself. ...Try HUD. ... |
Categories--Copyright/IP Policy--Contact Webmaster |