Can I contribute 6500 for IRA for wife who only made $11,000 even though our combined income is greater than $400,000?

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Can I contribute 6500 for IRA for wife who only made $11,000 even though our combined income is greater than $400,000?

Yes, you can, however, it will be a nondeductible IRA contribution due to the income level of the return.

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Can I contribute 6500 for IRA for wife who only made $11,000 even though our combined income is greater than $400,000?

Yes, you can, however, it will be a nondeductible IRA contribution due to the income level of the return.

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