Simple IRA – rehire

Simple document eligibility – employee is eligible one they earn $5k in a year.

Person worked at the firm, then quit and have subsequently been rehired on a part time basis. All of this within the year. If they do end up making over 5 k is it based off simply the new employment $ or do previous $’s earned count because they are within the same calendar year?

Thank you



All earnings count for the year even if employment was not continuous.



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