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Greetings, Madvestor2, and welcome. You wrote:
<<Author: Madvestor2 Number: of 21361 Subject: Spousal Roth IRA Date: 4/19/00 2:50 PM Email this to a Friend Format for Printing Post New • Post Reply • Reply Later • Create Poll Problem Post • Recommend it! Recommendations: 0
I have read too many contradicting things about a spousal IRA.
My spouse does not work. Can I contribute to a Roth IRA for my spouse? What is the income cut off for the contribution? I have read in some places that it is 60K for a spousal IRA. Is this true or is it the same as for a regular IRA.>>
Then you might try reading the right material. See page 6 of IRS Publication 590 (Individual Retirement Arrangements) available at http://www.irs.ustreas.gov/prod/forms_pubs/index.html . As long as you file a joint return and you have the earned income to support the contribution, then you may contribute up to $2K per year to your spouse's traditional or Roth IRA even if that spouse has no income.
Regards..Pixy
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