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we do have Roth IRAs set up already for both my husband and i. he contributes the max amount but since i work only part time, i don't get to contribute the full amount.

I have good news for you, teevan!

You can contribute to a Roth IRA with your spouse's earned income. So you can max out your IRA (unless you're filing separately). I call it the housewife rule.

According to IRS Publication 17:

Can you contribute to a Roth IRA for your spouse?
You can contribute to a Roth IRA for your spouse provided the contributions satisfy the spousal IRA limit (discusses in How Much Can be Contributed under Traditional IRAs) and your modified AGI is less than:
- $160,000 for married filing jointly,
- $10,000 for married filing separately and you lived with your spouse at any time during the year, or
- $110,000 for married filing separately and you did not live with your spouse at any time during the year.

The spousal limit just means that the two of you together cannot contribute more than the total amount of taxable compensation you both have.

- Megan
(no earned income, fully funded Roth IRA via spousal income)
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