An IRA account is an individual account. It cannot be held jointly by two spouses. Please check with your IRA administrator.
You are eligible to contribute up to $7,000 to a deductible IRA if your joint MAGI is less than $105,000 as you are covered by a retirement plan at work in 2021.
Your wife is eligible to contribute up to $7,000 to a deductible IRA if your joint MAGI is less than $198,000 as she is not covered by a retirement plan at work.
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