Wife earned $8K and I earned $40K (pension and DIV/INT). I contributed $8K to a Roth and wife contributed $3K. Why is your SW indicating an excess contribution of $3K?
Wife earned $8K and I earned $40K (pension and DIV/INT). I contributed $8K to a Roth and wife contributed $3K. Why is your SW indicating an excess contribution of $3K?
You can only make IRA contributions up to your combined compensation from working. Compensation includes W-2 wages and self-employment, but not pensions. See table 1-1 in publication 590-A.