If your traditional IRA deduction is being limited because you are covered by a workplace retirement plan (regardless of whether or not your wife is covered by a workplace retirement plan), the MAGI limit where you would become ineligible to make a Roth IRA contribution is well above your MAGI, so recharacterization of the $2,280 to be a Roth IRA contribution instead is a possibility and probably would be beneficial. Any gains that the $2,280 has already produced and any future gains instead of being tax deferred would be tax free once the requirements for qualified Roth IRA distributions has been met. Your IRA custodian will have a special form for requesting a recharacterization (different from a Roth conversion which is not what I'm describing).
