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Originally Posted by argo
Can they both be on my name? Or should the other one be on hers? She does not have social security.
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One $4000 contribution per person per year. She may be able to get an account by filling out an I-9 Form. This is an IRS form. I would contact the mutual fund company you will be investing with. If you are married, she doesn't need to have earned income. Otherwise, she would need to have at least $4000 in earned income.
The $4000 may be contributed in different funds or different companies. It's the total the IRS looks at each year. The mutual fund company will send you and the IRS a Form 5498 in May or June showing your contributions for the previous tax year.