Retirement tax questions

For her - yes, for you - no since you are older than 70 1/2 and cannot contribute to a Traditional IRA.

However, you must have at least as much earned compensation (money that you worked for) as the contribution.  On a joint return either spouse that works can have the earned income.

**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.**

View solution in original post