I have a small job where I will earn roughly $10,000 this year. I am on track to put $7,000 into my 401k that is available to me at this job, leaving $3,000 as taxable income.
I realized recently that DH and I will be below the Roth AGI income limit this year and would like to invest the maximum we each are able into a Roth. I’m thinking he can contribute the full amount ($6,000 + $1,000 I think for being over 50).
Would I also be able to put in the maximum (as I earned $10,000) or would my contribution be limited to the amount I paid taxes on ($3,000)?