DMarkM1
Expert Alumni

Retirement tax questions

If filing jointly, your working spouse can contribute to your traditional IRA even though you do not have any earned income.  The total contributions she makes to her retirement and yours cannot exceed her earned income or the normal contribution limits. 

 

The normal contribution limits are $6000 plus $1000 catch up if over age 50. 

 

To get the full deduction your joint income has to be below $198,000. 

 

 

 

 

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