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Level 1
June 4, 2019
Question

Non working spouse ira contrbution

  • June 4, 2019
  • 1 reply
  • 7 views
Can non working spouse do IRA contribution  if filing jointly?

1 reply

KrisD15
Level 15
June 4, 2019

Yes, according to the IRS:

“If you file a joint return, you may be able to contribute to an IRA even if you did not have taxable compensation as long as your spouse did. The amount of your combined contributions can’t be more than the taxable compensation reported on your joint return. “


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