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Level 1
Dec 16, 2024 2:24 PM UTC
Solved

Self employed and ira contribution

I am married filing jointly and my husband maxed out his IRA contribution from his employer this year.  I am self employed.  Can I also make the max $8,000 contribution to my IRA this year as well?

    Bsch4477Answer
    Level 15
    Dec 16, 2024 3:34 PM UTC

    You can contribute 8,000 if age 50 or older and you had at least that amount in earnings. You can also contribute to a SEP IRA as well. 

    1 reply

    Bsch4477Level 15Answer
    Level 15
    Dec 16, 2024 3:34 PM UTC

    You can contribute 8,000 if age 50 or older and you had at least that amount in earnings. You can also contribute to a SEP IRA as well.