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Retirement tax questions
Did you or your spouse have taxable compensation in 2021?
Publication 590-a https://www.irs.gov/publications/p590a#en_US_2021_publink[phone number removed]
states
"You can open and make contributions to a traditional IRA if you (or, if you file a joint return, your spouse) received taxable compensation during the year.
You can have a traditional IRA whether or not you are covered by any other retirement plan. However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan. See How much you can deduct, later."
I suggest you refer to the above link and read the section titled "Who Can Open a Traditional IRA?"
‎April 2, 2022
1:37 PM