Publication 54 |
2000 Tax Year |
Individual Retirement Arrangements
Contributions to your individual retirement arrangements (IRAs)
that are traditional IRAs or Roth IRAs are generally limited to the
lesser of $2,000 or your compensation that is includible in your gross
income for the tax year. Therefore, do not take into account
compensation up to the amount of your foreign earned income exclusion
and foreign housing exclusion, if any. Do not reduce your compensation
by the foreign housing deduction.
If you are covered by an employer retirement plan at work, your
deduction for your contributions to your traditional IRAs are
generally limited based on your modified adjusted gross income. This
is your adjusted gross income figured without taking into account the
foreign earned income exclusion, the foreign housing exclusion, or the
foreign housing deduction. Other modifications are also required. For
more information on IRAs, see Publication 590.
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