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Retirement tax questions
That is correct. On a joint return as long as either spouse has earned compensation as must as or more than the total contributions of both spouses, hen both spouse can contribute to a Traditional IRA - depending on income level and if either spouse contributed to a retirement plan at work, the contribution may or may not be deductible.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
1:54 PM