I'm doing our 2023 tax return, filing jointly. I have a question about my husband's eligibility for a deductible traditional IRA. Turbotax is indicating that he can contribute the max $7500 to a traditional IRA and it would be fully deductible. However, he doesn't have any earned income so I don't understand how that's possible. He's retired and receives social security and a small pension only. (I do have earned income from wages & K-1 income but I plan to contribute the max $7500 to a Roth IRA for 2023.) I am not recovered by a retirement plan at work. I've always assumed that even if you're filing a joint return, the spouse contributing to the deductible IRA had to have earned income. So is Turbotax making a mistake by allowing the deduction for my husband or is my assumption wrong and he actually can do a deductible traditional IRA because I have earned income???
