I exceeded the income limits for both traditional and Roth IRA for 2018 taxes. Not eligible for either. Can I open and fund a non-deductible IRA before April 15, 2019?

[macuser_22]

Yes,  you can always make non-deductible Traditional IRA contributions is your income qualifies.

For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than:

- $5,500 ($6,500 if you’re age 50 or older), or
- your taxable compensation for the year, if your compensation was less than this dollar limit.

(Taxable compensation is generally wages that you worked for - W-2 (minus any box 11 amount) or net self-employed income minus the deducible part of the SE tax, but can include commissions, alimony and separate maintenance, and nontaxable combat pay ).

See this IRS link for Traditional IRA deduction limits when covered by a retirement plan at work.

https://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits

[ellenvp4]

Yes, I know the amounts allowed for traditional and Roth IRA contributions. I know the income requirments. We EXCEED the income requirments for both Roth and Traditional.

1. We exceed the income ceiling for Roth and Traditional IRAs.
2. My husband has a 401K at work; covered by a retirement plan at work.
3. I have no job. No 401K; not covered by any retirement plan at work.
4. I DID NOT have any traditional or Roth IRA in 2018.
5. I DID NOT have any non-deductible IRA in 2018.
6. Can I open a non-deductible IRA by April 15, 2019?

[re2boys]

There is no income limit for contributing to a Traditional IRA.  There is an income limit for being able to deduct your Traditional IRA contribution.  You may open and make a contribution to Traditional or Roth IRA up until April 15th, subject to the usual $5500 (6500 if over 50) contribution limits.
However, you MUST HAVE EARNED INCOME TO MAKE A CONTRIBUTION TO ANY IRA.
Without a job or self-employment income, you have no earned income.
Edit to add:  Sorry, missed fact that husband has earned income, you are eligible to contribute to an IRA based on his earned income.

[ellenvp4]

That's interesting....I am married filing jointly. Technically, I have no income that I made myself, but I guess I own half of my husband's income by virtue of marriage. I have opened Traditional IRAs through Turbo Tax for the last 4 years...no legal flags were ever raised By Turbo Tax, nor by Fidelity Investments who opened them for me and at my direction.

[ellenvp4]

Is a Traditional IRA the same thing as a Non-Dedutible IRA? Think they are not the same thing...

[ellenvp4]

First the discussion of the non-working spouse:
"A nonworking spouse can make a deductible IRA contribution of up to $6,000 for 2019 ($7,000 if age 50 or older as of Dec. 31, 2019) as long as the couple files a joint return, and the working spouse has earned income that equals are exceeds the sum of the nonworking spouse’s contribution plus the working spouse’s contribution."

Now the discussion and fine points of income limits when the working spouse is covered by a retirement plan"at work:
"However, if the working spouse is covered by a qualified retirement plan (via a job or self-employment), the deductibility of the nonworking spouse’s contribution is phased out in 2019 between joint adjusted gross income (AGI) of $193,000 and $203,000, The working spouse’s ability to make a deductible contribution for 2019 is phased out between joint AGI of $103,000 and $123,000."

[macuser_22]

That is correct.   On a joint return as long as either spouse has earned compensation as must as or more than the total contributions of both spouses, hen both spouse can contribute to a Traditional IRA - depending on  income level and if either spouse contributed to a retirement plan at work,  the contribution may or may not be deductible.