Carmello and Leslie (ages 34 and 35, respectively)are married and want to contribute to a Roth IRA. In 2020, their AGI totaled $43,500 before any IRA-related transactions. Of the $43,500, Carmello earned $36,900 and Leslie earned $6,600. How much can each spouse contribute to a Roth IRA if they file jointly? How much can each spouse contribute to a Roth IRA if they file separately?

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The Answer of Carmello and Leslie (ages 34 and 35, respectively)are married and want to contribute to a Roth IRA. In 2020, their AGI totaled $43,500 before any IRA-related transactions. Of the $43,500, Carmello earned $36,900 and Leslie earned $6,600. How much can each spouse contribute to a Roth IRA if they file jointly? How much can each spouse contribute to a Roth IRA if they file separately?

Carmello and Leslie (Ages 34 and 35, Respectively)are Married and Want