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 husband and spouse may contribute to one another's traditional or Roth IRA. Because each spouse can contribute $5,000 or $6,000 per year, the combined contributions may total $10,000 to $12,000, depending on their ages.ndividuals may contribute up to $5,000 each year to a traditional IRA. When you reach the age of 50, the IRS increases the limit to $6,000. The money you put into a traditional IRA is tax deductible unless your adjusted gross income exceeds IRS income limits, discussed below. Only individuals can open and own IRAs.