Maybe.
A spousal IRA is really just a traditional IRA (TIRA) made for a non-working spouse. A non-working spouse can make a deductible ira contribution as long as the working spouse has earned income that equals the sum of the non-working spouse's contribution plus the working spouse's contribution (even if working spouse does not contribute to one). You must also file jointly.
However, because you participate in a retirement plan at work (as an employee/employer), her TIRA deduction can be limited or phased out completely depending on your joint modified adjusted gross income.
Deduction income limits if spouse is covered by a plan at work:
Spousal IRA rules and examples:
Maybe.
A spousal IRA is really just a traditional IRA (TIRA) made for a non-working spouse. A non-working spouse can make a deductible ira contribution as long as the working spouse has earned income that equals the sum of the non-working spouse's contribution plus the working spouse's contribution (even if working spouse does not contribute to one). You must also file jointly.
However, because you participate in a retirement plan at work (as an employee/employer), her TIRA deduction can be limited or phased out completely depending on your joint modified adjusted gross income.
Deduction income limits if spouse is covered by a plan at work:
Spousal IRA rules and examples: