After being a stay at home for 18 years, my wife is about to start a part time job at a local school. We have been contributing money to a traditional IRA in her name over the years and taking the deduction since she is not covered by a retirement plan. At the school they have what is called a SMART Plan (OBRA) which is sort of a retirement plan and I think she is required to contribute to it. Can we continue to get the deduction when contributing to her IRA account or will she no longer be eligible (or will she be partially eligible)? She really won't make all that much with this part time job and even less will be contributed to the Smart account.
