Jump to content

Can wages earned in a correction facility be contributed to an IRA account


Recommended Posts

Guest amyo1234
Posted

I had this question posed to me and am stumped by it. I need to know if an inmate can make a contribution to an IRA if their only compensation is wages earned while in a correctional facility. If anyone can help with this I would appreciate it.

Posted

If they get either a W2 or a 1099 and file a tax return, they are eligible to contribute to an IRA.

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use