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Community: Investing Wiki

Term Of The Hour

IRAs as gifts: Original post by Lexa W. Lee of Demand Media You can make contributions to someone else's individual retirement account, or IRA, if that person earned income during that tax year. The amount you give cannot exceed that person's earned income in that year. For example, if his earnings were $3,000, you can contribute only up to $3,000 that year.

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