You'll need to sign in or create an account to connect with an expert.
You can't contribute anything to an IRA unless you, or your spouse if married, has income that counts as compensation from working. Compensation is most often W-2 box 1 wages from a job, or about 92% of net self-employment income (there are a few minor additions). If you don't have compensation, you can't make any IRA contributions of any kind.
You can't contribute anything to an IRA unless you, or your spouse if married, has income that counts as compensation from working. Compensation is most often W-2 box 1 wages from a job, or about 92% of net self-employment income (there are a few minor additions). If you don't have compensation, you can't make any IRA contributions of any kind.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
carolinatbr16
New Member
debiandtim
New Member
crossmanz71
New Member
userid94
Level 1
userid94
Level 1