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Forum: The Stock Market

12-03-2005, 10:26 PM

Replies: 33

IRA Help for a Professional Poker Player

Views: 241

Posted By broiler

Re: IRA Help for a Professional Poker Player

I would just add that retirement plan contribution limit for 2005 is $42k and will be $44k for 2006.

Also, if you have a retirement plan that allows early distributions, there are ways to get the...

Forum: The Stock Market

12-03-2005, 10:18 PM

Replies: 33

IRA Help for a Professional Poker Player

Views: 241

Posted By broiler

Re: IRA Help for a Professional Poker Player

The IRA deduction comes before AGI on your tax return. Your standard deduction will not be touched because of an IRA deduction.

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