Sentences with phrase «participants filing a joint return»
The applicable dollar amount for determining the deductible amount of an IRA contribution for taxpayers who are active participants filing a joint return or as a qualifying widow (er) is $ 99,000.
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If you and (if married filing a joint tax return) your spouse are not an «active participant» in an employer - sponsored retirement plan (such as a 401 (k)-RRB-, your contributions are fully tax - deductible!