Bvr503
New Member

How does Spousal IRA work?

My wife did NOT (and will not) work this 2022 year.  But I made Traditional IRA contributions ($1000) in Spring 2022.  Do I need to "transfer" the $1000?

 

Or does "spousal ira" apply.   Can I contribute $4000 to my "traditional" and add her $1000.