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Q.Who can make a contribution to an IRA?
A.A traditional IRA can be opened by anyone with earned income who is under 70½. A Roth IRA can be opened by anyone with an adjusted gross income below $116,000 (single) or $169,000 (joint).
IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained on this web site is not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed on a taxpayer under the U.S. Internal Revenue Service.
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