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Old 11-18-2005, 01:25 PM
Rich Carreiro
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Default Re: Question about Roth IRA contributions for Spouse

"Joe Smith" <joesmith[at]aol.com> writes:

- quote -

> have a question about contributing to a Roth IRA for my wife and hopefully
> someone here can give the answer. My wife will not earn income for 2005 and
> we plan to file out taxes jointly.
> Can I make a $4,000 Roth IRA contribution under my wife's name in addition
> to a $4,000 contribution under my name (total of $8,000). Our AGI will be
> below $160,000 for tax year 2005. The contributions will be in individual
> accounts of course (one for her and one for me)


If your AGI is below $150,000 (not $160,000), you can, assuming you
have at least $8,000 in earned income. If your AGI is between $150K
and $160K you can contribute a reduced amount.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

  #-1  
Old 11-17-2005, 08:24 PM
Joe Smith
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Posts: n/a
Default Question about Roth IRA contributions for Spouse

have a question about contributing to a Roth IRA for my wife and hopefully
someone here can give the answer. My wife will not earn income for 2005 and
we plan to file out taxes jointly.

Can I make a $4,000 Roth IRA contribution under my wife's name in addition
to a $4,000 contribution under my name (total of $8,000). Our AGI will be
below $160,000 for tax year 2005. The contributions will be in individual
accounts of course (one for her and one for me)

Thanks!

 

Tags
contributions, ira, question, roth, spouse
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