Can we deduct contributions to our IRA's? We both have IRA's. I receive a distribution monthly, my wife does not. We are both retired and do not have any earned income.

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Can we deduct contributions to our IRA's? We both have IRA's. I receive a distribution monthly, my wife does not. We are both retired and do not have any earned income.

Contributions to an IRA can only be made from earned income. If neither of you has any earned income, then there is no allowable amount to contribute.

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Can we deduct contributions to our IRA's? We both have IRA's. I receive a distribution monthly, my wife does not. We are both retired and do not have any earned income.

You cannot contribute to an IRA if you do not have earned income.

Can we deduct contributions to our IRA's? We both have IRA's. I receive a distribution monthly, my wife does not. We are both retired and do not have any earned income.

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Can we deduct contributions to our IRA's? We both have IRA's. I receive a distribution monthly, my wife does not. We are both retired and do not have any earned income.

Contributions to an IRA can only be made from earned income. If neither of you has any earned income, then there is no allowable amount to contribute.

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