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Investors & landlords
It depends. The income limit to contribute to an IRA for a married filing jointly couple is $143,000, if there is a retirement plan offered at work. You can view that here. There is no limit if your employer has not offered you a retirement plan at work.
If you file jointly, each of you may contribute up to $7000 if under age 50 and $8000 if 50 or over. if you file separate returns, your wife will not be eligible to contribute.
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‎January 14, 2025
11:24 AM