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Are my working spouse and my IRAs separate? Can we both contribute to our own to the maximum allowed? (Ex. I would do 5500 to a Roth, and she does 5500 to a traditional).

 
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Leonard
Intuit Alumni

Are my working spouse and my IRAs separate? Can we both contribute to our own to the maximum allowed? (Ex. I would do 5500 to a Roth, and she does 5500 to a traditional).

Yes your IRA's are separate and you both can contribute to your IRA accounts subject to the maximum contribution allowed.

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