Traditional IRA, Spousal contribution

Forum|Forum|5 years ago
March 10, 2021
9 replies
50 views

Husband retired; receives federal pension, also took a $10,000 distribution from his Roth-IRA in 2020. I am working - is my contribution into HIS Traditional-IRA deductible?

Not A Product Question

MinhT1

Level 15

Yes, his spousal IRA contribution would be deductible if you have enough earned income.

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rl5088Author

Level 2

I can't get Turbo Tax to agree, lol. It adjusts the state refund (about $400 addition) - but makes no difference in the Federal refund...

What form/answer might be causing the issue?

macuser_22

Alumni - Champ

The last screen in the IRA contribution interview should tell you the reason. Perhaps your joint MAGI is too high for a Federal deduction and the state limit is lower.

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**