Hi Julie,
Can you elaborate on that for me so I know I didn't mess up? I've used TT for 25+ years, but this year I'm confused.
I file married filing jointly. I'm 64, work and have a covered defined contribution plan (401k). My wife is 68 and does not work. We both have individual Simple IRA's. My AGI for 2022 was close, but below the 198k limit. So TT suggested that my wife could make a 7k contribution to her IRA and claim the full deduction. So I did all of that, but then my CFP called me and said that was an illegal contribution to her IRA since she did not have any earned income. Who is correct? Did I just mess up or can she make the contribution even though I'm the spouse with the earnings? To me it seems that this is legal from what TT suggested and what I'm reading on IRS.gov.
Thanks in advance!
