Your IRA contributions are limited by your earned income. Earned income includes the following:
- Wages, salaries, etc
- Commissions
- Self-employment Income (reduced by any self-employment tax deduction you're receiving)
- Taxable alimony you received
- Nontaxable combat pay
If you're
Married Filing Jointly, the earned income reported on your tax return limits the total amount you and your spouse can contribute to an IRA.