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Retirement tax questions
If you are filing jointly and your MAGI is less than $196,000, then you can contribute $7,000 to a Roth IRA and your your spouse can contribute $6,000 to a spousal Traditional IRA.
Please read this IRS document for your Roth IRA contribution and this IRS document for your spouse's Traditional IRA contribution.
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‎February 25, 2021
3:31 PM
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