Judy Edwards
Mar 31 2000, 12:35 AM
My filing status is Married Filing Separately. I have not lived with my spouse for 13 years but am not divorced. Can I contribute to a Roth IRA?
Michael Devault
Mar 31 2000, 09:27 AM
If you are married, filing separately AND you did not live with your spouse at any time during the year, you can contribute to a Roth IRA if your modified adjusted gross income is less than $110,000. However, if you live with your spouse at any time during the year, the modified AGI threshhold drops to $10,000.
Hope this helps.