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<<I am self employed (I dont participate in a 401K)
What is the max. i can put into my IRA account?
and my wife is not employed, so I guess I can
have 4000 $... 2000 $ for me & 2000$ for my wife.
Is that wright?>>

Yup. Your max IRA deduction would be $2k for yourself, and $2k for your non-working spouse. But you MIGHT want to check out if a self employed Keogh plan or SEP plan might be able to provide you with a larger contribution, and therefore a larger tax deduction.

<< Also what would be the best IRA account to open
ROTH or regular or .... ?>>

You can't open a Roth IRA for tax year 1997. So for 1997, you'll be stuck with a regular IRA or another pension plan.

For additional information, check out IRS Publication 560 regarding Self Employed Retirement Plans. You can order this Pub by calling IRS at 1-800-TAX FORM, or you can read/download this Pub by pointing your web browser to: http://www.irs.ustreas.gov

Hope this helps..
TMF Taxes
Roy
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