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Can you verify that I can (with my wife, we are both ) put
Can you verify that I can (with my wife, we are both 69) put another 13,000 in an IRA and not have to pay federal taxes on it this year. The only money I put into a 401K was through my employers. … read more
emc011075
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I have a couple clients that are interested to contribute to
I have a young couple clients that are interested to contribute to traditional IRA for the year 2017. In the earlier part of the year, one of the couples was participating in the employer retirement p… read more
Lev
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We are both over 60, working. My spouse was self employed
We are both over 60, working. My spouse was self employed for a local company as a consultant from Jan 1, 2017 to 11/30/2017, then hired 12/1/2017 as a full time employee. I work as a Federal employee… read more
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Married filing jointly, ages 64 and. Assume eligibility for
Married filing jointly, ages 64 and 69. Assume eligibility for traditional IRAs. Contribute maximum 6500 + 6500 to traditional IRAs for 2017 return on April 17, 2018. Take full distributions of 6500 +… read more
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Traditional IRA contribution - *Married taxpayers file MFJ
Traditional IRA contribution -*Married taxpayers file MFJ *One spouse covered by retirement plan, one is not *AGI will be over $ 200K for 2017 *Taxpayer that is not covered by retirement plan, contrib… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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2016 retirement contributions Husband gross W-2 $190k,
2016 retirement contributions Husband gross W-2 $190k, covered by 403b Wife $10k net from schedule C; no W-2 What are our options for contributions? IRA SEP Can we choose Roth or not for each/either? … read more
Lev
Lev
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I am a self employed 1099-MISC income earner and contribute
I am a self employed 1099-MISC income earner and contribute to an IRA each year. I am 57 and my wife is 48. My wife went back to work this year in September. She is a part time teacher and earns a sma… read more
Lev
Lev
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I have 401 K setup but did not contribute anything for last
I have 401 K setup but did not contribute anything for last couple years, however, I did contribute to traditional IRA for 2015, when I try doing taxes, it will not allow me to enter the IRA amount, a… read more
ABC Accounting Group
ABC Accounting Group
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I was self employed of last year. The remainder of
I was self employed for half of last year. The remainder of the year I was employed by another company. I had been self employed for two years prior and during this time, opened a SEP 401K. Can I take… read more
Robin D.
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If a 58 year old has a 401k at work, can he contribute to a
If a 58 year old has a 401k at work, can he contribute to a ROTH IRA today in 2014 & 2015? If so, how much for each year? If not, how much can the 58 year old contribute to his IRA in 2014 & 2015? Is … read more
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I have a 403() account at work and, due to an error in our
I have a 403(b) account at work and, due to an error in our payroll department, did not make the max contribution in 2014. I am 57 years old. Can I still make a contribution today to an IRA that I hav… read more
Robin D.
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I retired from federal government employment this year. I had
I retired from federal government employment this year. I had been using the Federal Thrift Savings Plan to defer income, which allowed me to defer up to $22,500 per year. Now that I am retired I can … read more
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my wife has a retirement account at work. Im a union member
my wife has a retirement account at work. I'm a union member and my retirement has always been paid as part of our contract and not shown as a deduction from my wages. Can I open a traditiona IRA and … read more
USTaxAdvising
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We filed a joint return for 2009. I contributed $6000 (I am
We filed a joint return for 2009. I contributed $6000 (I am over 50) to a traditional IRA. One accountant has told me that my IRA contribution for 2009 is not tax deferred (I receive no tax benefit) b… read more
Lev
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I have an old conventional IRA started 30 years ago. I am
I have an old conventional IRA started 30 years ago. I am self employed and have a SEP IRA for my self and my office employees. Can I contribute to both and are there any limitations?… read more
Lev
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How much money can I place, tax free, in a traditional IRA
How much money can I place, tax free, in a traditional IRA if my 2009 income was $174,000?… read more
Lev
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If the Ret. plan box (#13 on my W-2) has an x in it, and
If the "Ret. plan" box (#13 on my W-2) has an 'x' in it, and I did not participate in my employers retirement plan (403b), will the IRS question , or allow me to deduct the $2,400 I contributed to an … read more
Lev
Lev
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i just file my taxes after all deduction my taxable ...
i just file my taxes after all deduction my taxable income is around 69000 and i am self employ. my accountant told me i have to pay around 13000 for federal and 2500 for nc state tax is that sound ab… read more
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