You'll need to sign in or create an account to connect with an expert.
It depends.
If your husband was not covered by an Employer Sponsored Retirement Plan at any time during the year, he can make a Deductible Traditional IRA Contribution up to the amount of the "earned" income from wages or operating a business reported jointly on your return. (Even if all the income was earned by you). For more details, please see IRS Topic 451, IRAs.
Because you were covered by an Employer Sponsored Retirement Plan, your ability to make a Deductible Traditional IRA contribution phases out when your Modified Adjusted Gross Income (MAGI) is between $116,000 - $136,000.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TheGuttes
New Member
Boomhauser
Level 2
PAccisano
Level 1
dperrett1
New Member
llpiii
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.