jimb108, the deduction for an IRA contribution for the spouse who is covered by a workplace retirement plan phases out between $104,000 and $124,000 for 2020. That means that your wife's traditional IRA contribution is nondeductible. However, because you are not covered by a workplace retirement plan the deduction for your own traditional IRA contribution phases out between $196,000 and $206,000.
https://www.irs.gov/retirement-plans/plan-participant-employee/2020-ira-contribution-and-deduction-l...
