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Author: mrmeyer Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: 2010 IRA Contribution Limit Date: 3/13/2011 9:56 AM
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If you are able to exclude ALL of your wages under this [Foreign Earned Income] exclusion, you don't have any taxable wages and can't make an IRA contribution at all.

My experience has been the compensation for living expenses that count as income more than offset any benefit to this exclusion. But thanks, this is good to know how it affects IRAs.

If your concern is whether you're going to meet the Roth income limits, you can also fix that one until October 15 if you make a Roth contribution and it turns out you weren't eligible because of MAGI.

Yes, that's my concern. Last year I made a non-deductable IRA contribution for myself and split a IRA/Roth contribution for my wife.

Since another firm is doing my taxes, I want to choose the simpler route. I think the simplest then would be traditional IRA contributions for both of us, then determine later how much (if any) is tax deductible

Does that sound right?
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