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What amount can my IRA contribution be if I didn't make much money in 2017?
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posted
June 6, 2019
10:23 AM
last updated
June 06, 2019
10:23 AM
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What amount can my IRA contribution be if I didn't make much money in 2017?
If your earned income for the year is less than the contribution limit (in 2017 and 2018, $5,500 for those under 50), you can only contribute up to your earned income. In other words, if your earned income is $3,000, you can only contribute up to $3,000.
Please feel free to post any additional details or questions in the comment section.
Please feel free to post any additional details or questions in the comment section.
June 6, 2019
10:23 AM
1 Reply
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What amount can my IRA contribution be if I didn't make much money in 2017?
If your earned income for the year is less than the contribution limit (in 2017 and 2018, $5,500 for those under 50), you can only contribute up to your earned income. In other words, if your earned income is $3,000, you can only contribute up to $3,000.
Please feel free to post any additional details or questions in the comment section.
Please feel free to post any additional details or questions in the comment section.
June 6, 2019
10:23 AM
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