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Roth IRA contributions question


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Guest saber
Posted

During a year in which my wife makes no income, can I as the spouse earning income still contribute to her Roth IRA? Or does she have to earn income in order for a contribution to be made?

Thanks

Posted

You can make a spousal IRA contribution to your wife’s IRA. However, you must file a joint federal tax return. The total contribution to your IRA and your spouse’s IRA should not exceed your eligible compensation.

Life and Death Planning for Retirement Benefits by Natalie B. Choate
https://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/

www.DeniseAppleby.com

 

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