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.
If the working spouse in not in an employer plan, deductible IRA contributions of up to $5,500 can be contributed to both their own IRA and a Spousal IRA-for a total of $11,000-regardless of the couple's adjusted gross income (AGI) level.ach spouse can contribute and deduct an additional $1,000 if he or she will be 50 or older. If the contribution is to a traditional IRA, then you can benefit from a bigger tax deduction. If the contribution is to a Roth IRA, then there is more money in the accounts earning interest on a tax-free basis.