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New Member
posted Jun 6, 2019 10:23:32 AM

What amount can my IRA contribution be if I didn't make much money in 2017?

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1 Best answer
New Member
Jun 6, 2019 10:23:33 AM

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.

1 Replies
New Member
Jun 6, 2019 10:23:33 AM

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.