Carmello and Leslie (ages 34 and 35, respectively) are married and want to contribute to a Roth IRA. In 2018, their AGI totaled $42,000 before any IRA-related transactions. Of the $42,000, Carmello earned $35,000 and Leslie earned $7,000. 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 2018, their AGI totaled $42,000 before any IRA-related transactions. Of the $42,000, Carmello earned $35,000 and Leslie earned $7,000. 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