Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-414 - DEFERRED COMPENSATION PLANS
Rule 1.26-51-414 - Deferred Compensation Plans - IRAs
Universal Citation: AR Admin Rules 1.26-51-414
Current through Register Vol. 49, No. 9, September, 2024
A nonworking spouse can open up his or her own IRA and contribute up to $2,000.00 per year to the IRA. Under prior law, a nonworking spouse did not have the option of owning his or her own "spousal" IRA. To determine the deductibility of the contributions made to a married couple's IRAs, refer to IRC Sec. 219(c). The requirement of filing a joint return under IRC Sec. 219(c)(2)(A) in order to deduct contributions shall not apply.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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