Harlan Lunsford wrote:
- quote -

Wife has a IRA 401k from employer, AGI is likely around $150K.
To complcate: we are in Australia, Americans working for an
Australian subsidiary of a US firm.

Moderator:
For personal reasons, I'd like to know where you are in OZ,
how you like it, and how well you are adjusting to the flies.
Please e-mail me at my aol address of rdadamsii.

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nickra...[at]gmail.com wrote:

- quote -

As long as she has enough earned income to cover your
contribution, you can contribute to an IRA. If you are not
covered by a retirement plan, you can generally deduct your
contribution. However, if your wife is covered by a plan and
your modified AGI is over $150,000, your ability to deduct
your contribution may be limited.

Dennis

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nickravo1[at]gmail.com wrote:

- quote -

More info please. Is your wife covered by a pension plan
where she works?

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

nickravo1[at]gmail.com wrote:

- quote -

If you file Married Filing Joint, your wife can contribute
to a spousal IRA in your name. Whether it will be
deductible depends on information not given, such as whether
your wife is covered by an employer's retirement plan at
work.

Provide additional information and we'll try to give you a
more detailed answer.

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I earn $0 and my wife earns $100k? If so, is my contribution
tax deductible?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >