Can I Contribute To An IRA If I Am Unemployed? To make a contribution to either a traditional or Roth IRA, you have to have what the IRS defines as “earned income.” The one exception is a spousal IRA for a non-working spouse. If you don’t qualify for an IRA but have other sources of
Can I Contribute To A Simple IRA After Age 70? If you’re an employee of a company that offers a Simple IRA for employees, you’re allowed to contribute even if you’re older than 70 1/2. … As long as you’re still an otherwise eligible employee, you’re allowed to defer some of your income into the
Are Ira And Sep Maintenance Fees Tax Deductible? Yes, you can contribute to both a SEP IRA and either a traditional IRA or Roth IRA (presuming you meet income limit requirements) in the same year. The deductibility of traditional IRA contributions may be impacted by the SEP IRA contribution. Can employers deduct SEP IRA contributions?