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Who can make contributions?


Guest jeulowetz

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Guest jeulowetz
Posted

I have been contributing $2000 a year since it was available. I file jointly with my wife, but she no longer works. I was told since she does not work, she (or we)cannot contribute another $2000 into her Roth aco****. SHe does have one from wehn I rolled over her IRA account from when she was working a few years ago.

Can we contribute another $2000 for her, even if she is not working, yet files jointly with me (I do qualigy).

Posted

Yes. Since you file a joint return, you can contribute $2,000 to an IRA or a Roth IRA (but not both) for your non-working spouse.

This information, as well as other information about IRAs and Roth IRAs, can be found in IRS Publication 590.

Hope this is of benefit to you. Good luck!

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