The owner builder will schedule the rough contractors to come in following frame complete. The three trade contractors that enter the home are the plumbers, the mechanical contractor and the electricians. If a sprinkler system is required in your home, a licensed fire protection company will also be in the house.
If neither you nor your spouse is covered by a retirement plan at work, your deduction is allowed in full. For contributions to a traditional IRA, the amount you can deduct may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.Roth IRA contributions arenât deductible.f you file a joint return and have taxable compensation, you and your spouse can both contribute to your own separate IRAs. Your total contributions to both your IRA and your spouseâs IRA may not exceed your joint taxable income or the annual contribution limit on IRAs times two, whichever is less.
You can set up and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were n â¦ ot age 70Â½ by the end of the year. You can have a traditional IRA whether or not you are covered by any other retirement plan.es, but combined contribution limits apply. For 2008 the maximum contribution amount is $5,000 for individuals under 50 years of age and $6,000 for those over 50. If you are â¦ under 50 and contribute $2,000 to your Roth IRA then you can only contribute $3,000 to your Traditional IRA.