Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can Married Filing Separately Contribute to a Traditional IRA?

April 26, 2017contribute filing married separately Traditional IRA

0

Posted

Can Married Filing Separately Contribute to a Traditional IRA?

1 Answer

0

Posted

The Internal Revenue Service allows taxpayers who are married but filing their taxes separately to contribute to traditional Individual Retirement Accounts (IRAs). However, the contributions made by married couples filing separately are limited. If you or your spouse are covered by an employer-sponsored retirement plan such as a 401k, you cannot make the maximum allowable annual IRA contribution.