How much can you contribute if you have a roth and traditional ira?

If lower, your taxable compensation for the year. If you make too much money, you may still be able to contribute to a Roth IRA through a strategy called a clandestine Roth IRA. Yes, you can contribute to an IRA for your unemployed, non-working spouse who files a joint return, but your combined total contribution cannot exceed your combined taxable income or double the annual IRA limit, whichever is less. Yes, a person under 18 can contribute to a Roth IRA or a traditional IRA as long as they meet earned income requirements and do not exceed income limits.