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.
A spousal IRA lets a stay-at-home member of a a couple contribute the maximum amount to an individual retirement account each year. As long as you file a married filing jointly tax return and the working spouse earns enough to fund the IRA, you can make up to the maximum contribution.And it may even be deductible. spousal IRA lets a stay-at-home member of a a couple contribute the maximum amount to an individual retirement account each year. As long as you file a married filing jointly tax return and the working spouse earns enough to fund the IRA, you can make up to the maximum contribution.