Publication 54 |
2001 Tax Year |
Contributions to 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 you exclude under either the foreign earned income
exclusion or the foreign housing exclusion. 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 is 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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