TomD8
Level 15

Retirement tax questions

Yes, you can have a spousal IRA as long as your working spouse has sufficient earned income to cover both of your IRA contributions.  Note that you must file your taxes as Married Filing Jointly.  Be aware of the IRA income limits and other restrictions which are described here:  https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.