ErnieS0
Expert Alumni

Retirement tax questions

Your IRA contributions are probably limited by your husband's total self-employment income. Your joint contributions can't be more than your husband's net self-employment income.

 

The retirement plan question only applies when you are covered by a plan in the current tax year (2021) and your income is above a certain level. If your husband's income is below the IRA contribution amount, you are well below that limit.

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