What is earned income for the IRA Contribution Limit?

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.