What Is the Maximum Amount a 30-Year-Old Taxpayer and a 35-Year-Old

question 23

Essay

What is the maximum amount a 30-year-old taxpayer and a 35-year-old spouse can put into a Traditional or Roth IRA for 2018, assuming they earn $50,000 in total and are not covered by pension plans?

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Definitions:

Milliliters

A unit of volume in the metric system, equivalent to one thousandth of a liter or approximately 0.034 fluid ounces.

Milliliters

A unit of volume in the metric system, equivalent to one-thousandth of a liter, used to measure liquids or gases.

Liters

A metric unit of volume equal to one cubic decimeter or 1,000 cubic centimeters, often used for measuring liquids.

Milligrams

A unit of mass equal to one thousandth of a gram, used in measurements of small quantities of substances.