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December 16, 2024
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Self employed and ira contribution

  • December 16, 2024
  • 1 reply
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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?

    Best answer by Bsch4477

    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

    Bsch4477Answer
    Employee
    December 16, 2024

    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.