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How much income do you need to contribute to an IRA?

How much income do you need to contribute to an IRA?

Q.: I read that you need $6,000 of income to make an IRA contribution. Is that per person? My wife did not work in 2020. —Mark in San Diego A.: Mark, each person is limited to a maximum contribution of 100% of earned income or $6,000 ($7,000 if age 50 or more). The...

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