Spousal Individual Retirement Account (ira)


Definition of "Spousal individual retirement account (ira)"

David  Sheppard real estate agent
David Sheppard, Real Estate Agent Coldwell Banker Realty

Individual retirement account established under the tax reform act of 1986, for a spouse who has unearned income. The maximum annual combined contribution into the worker's and spouse's IRA is $2250. The contributions can be apportioned between the two accounts in any manner desired.

 

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