the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
But, the Internal Revenue Service sets limits on how much you can contribute each year to an IRA. There are different limits for single taxpayers and married couples because the government recognizes a couple will likely need twice as much money to retire on than one person. Contribution Limits The maximum anyone under the age of 50 can contribute to an IRA is $5,000 per year. The maximum limit for couples is $10,000, and it doesn't matter if that comes from one person or both. IRS rules allow married couples to each make the maximum contribution even if one of the spouses didn't work that year or earn any income.
You cannot contribute more to an IRA than you earn for the year. How little you can put in when you open an account depends on your financial institution. Some credit unions allow you to open an IRA with as little as $25. Once the account is open, you can put in $5 in a year during which you make no more than $5.If your spouse has earned income and the two of you file taxes jointly, you can contribute to an IRA as long as your spouse's income is large enough for each of you to contribute.nce the account is open, you can put in $5 in a year during which you make no more than $5. If your spouse has earned income and the two of you file taxes jointly, you can contribute to an IRA as long as your spouse's income is large enough for each of you to contribute.