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    inocenta's Avatar
    inocenta Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 2, 2007, 02:12 PM
    Can H4 have an IRA account?
    Hi all,

    I am on a H4 visa, I would like to know if I am eligible for opening an IRA account for the purpose of tax deduction for 2006.

    Thanks a lot!
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    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 9, 2007, 02:21 PM
    If your spouse has earned income, you MAY open an IRA account for up to $4,000 if he made at least $4,000 in 2006.
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