Correct if your spouse is not covered by a retirement plan but you are then your spouse can deduct the full amount of the traditional IRA contribution as long as your modified Adjusted Gross Income (MAGI) is $196,000 or less. Please check your spouses W-2 box 13 if the Retirement Plan is checked or anything in box 12 indicates she has a retirement plan at work.
Please see IRA Deduction if You ARE Covered by a Retirement Plan at Work - 2020
and IRA Deduction if You Are NOT Covered by a Retirement Plan at Work - 2020 (deduction is limited only if your spouse IS covered by a retirement plan) for additional information.
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