Erik (52) and Donna (56) are married and filing jointly for 2022. Donna made $102,000 in 2022 and has a retirement plan at work. Erik is unemployed and had no income at all. How much can they collectively put into an IRA for the 2022 tax year and how much is deductible?

Answer rating: 100% (QA)

For the 2022 tax year the maximum IRA contribution for individuals under 50 is 6000 and ... View the full answer