The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: 1997 - IRA contribution||Date: 4/8/1998 4:07 PM|
|Author: KATinChicagoland||Number: 3351 of 121774|
<<my wife and I make 80K/yr. She was not eligible for
401 K contribution with her company last year(1997)
I contributed to 401K.
Is there any way she make a TAx deductible IRA contribution for 1997?>>
Roy's response was correct, of course. I would add that you may find that a nondeductible contribution to a Roth IRA is just as good as, or better than, a deductible contribution to a regular IRA. And it would certainly be better than a nondeductible contribution to a regular IRA.
KAT in Chicagoland
Tax Guide for Investors
Includes the latest information on
Roth IRA technical corrections
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|