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.
Roth IRA. The contribution amount limits to a Roth IRA are the same as those to a traditional IRA. However, your eligibility to contribute to a Roth IRA depends on your income. You can make a full contribution to each Roth IRA as long as your working spouse makes less than $173,000 in 2012.At those levels of modified AGI, the contribution amount begins to phase out, and at $183,000 (2012) you are no longer eligible to make contributions.owever, whether you can deduct your contributions depends on a few other factors: 1  If the working spouse doesnât participate in an employer-sponsored retirement plan, he or she can deduct the full amount contributed to the spousal IRA, and there is no income limit restricting the deduction.