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Roth IRA -Self employed for 60+
I am filing married jointly taxes, me and my spouse both are 60+, we both have 1099 NEC one for each + schedule K1, can we both contribute to Roth IRA. ? if yes how much. I am assuming it should be max. 5000 for each?? note : my (schedule C net (6000)) - (schedule1 line 15 (1000)) = 5000
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March 25, 2024
8:59 AM