westwood1308-google@[EMAIL PROTECTED]
wrote:
> I read it the same way. I have a different slant on this question.
> My wife is currently contributing most of her salary to a state
> employee retirement plan and 457 plan (her annual salary is less than
> $15,500). Her "take home" pay is approximately $80/month, before
> taxes. She also contributed $5,000 to a Roth IRA. I believe this is
> OK as long as my taxable income would cover the difference (i.e., a
> spousal IRA). Do you agree with my interpretation?
Well, if wife can contribute $5000 based on hubby's earnings, as spouse,
it would be pretty bad if her earning say $1000, caused then to have her
$5000 disallowed, right? I think she can still deposit the $5000, but
stranger things exist within the tax code.
Joe
www.blog.joetaxpayer.com
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