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TRADITIONAL IRA CONTRIBUTION
I am a retiree with a federal pension. Mywife wants to contribute the maximum allowed to a traditional IRA in my name (based on our married filing jointly status). My wife still works and has a retirement plan from her employer. Is she allowed to contribute to a traditional IRA in my name? My bank doesn't think I am allowed to do so but I'm waiting a call back from the bank's financial planner. TurboTax Premier allowed me to take the deduction for the contribution after I provided all the info it requested.
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March 8, 2024
5:24 PM