wmartin@brl-tgr.ARPA (Will Martin ) (10/23/85)
Reference the proposed increasing of the spousal IRA amount from $250 to $2000 (in the light of the recent posting to the effect that it might not happen anyway): Does anyone know if the proposed $2000 amount for a non-working spouse would also apply to a spouse who works but earns less than $2000 in a year? My wife is a temporary, and works only when she wishes. She may, therefore, earn only a small amount in a year (one year she earned $992; that year I put $992 in an IRA for her). Would the proposed increase to $2000 allow us to put in $2000 for her (in addition to my $2000), regardless of the fact that she made some money, but less than $2000? Or would we still be limited to putting in exactly what she earned, up to $2000? Will