the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
The contribution limits apply to each individual, so married couples may be able to contribute the contribution limit for both spouses. For example, in 2017, a married couple, both of whom are over age 50, may contribute a total of $13,000 ($6,500 each, if there is enough earned income to support this level of contribution). Note: You may continue to fund your IRA for 2016 through April 18, 2017.
If the working spouse in not in an employer plan, deductible IRA contributions of up to $5,500 can be contributed to both their own IRA and a Spousal IRA-for a total of $11,000-regardless of the couple's adjusted gross income (AGI) level.ach spouse can contribute and deduct an additional $1,000 if he or she will be 50 or older. If the contribution is to a traditional IRA, then you can benefit from a bigger tax deduction. If the contribution is to a Roth IRA, then there is more money in the accounts earning interest on a tax-free basis.