Hi Tax Team -
my spouse worked one month for a School as teacher and paid taxes for that month after that she was unemployed - Can I fill for her Traditional IRA? as when I try in TurboTax it errored on AGI saying You were covered with employer provided plan but that was for one month only.
You'll need to sign in or create an account to connect with an expert.
Did TurboTax say that you/she could not contribute to her IRA, or did it say that the contribution would not be deductible?
Could not be deductible
Pub 590a (page 12) says, "the deduction you can take for contributions made to your traditional IRA depends on whether you or your spouse was covered for any part of the year by an employer retirement plan".
I suspect that your spouse had an employer retirement plan, even for the one month, and this led to her not being able to deduct the contribution.
@nitingautam wrote:
Could not be deductible
In general, you can use the spousal IRA rule to contribute to a spouse's IRA even if the spouse didn't work, as long as you have enough compensation from working to cover both IRA contributions.
However, depending on your income and your work retirement benefits, your ability to make deductible contributions to your own or a spouse's IRA may be limited.
https://www.irs.gov/retirement-plans/ira-deduction-limits
You can may be able to make a non-deductible contribution to a Roth IRA instead. Or, you can make non-deductible contributions to a traditional pre-tax IRA, but that creates a complicated situation that will follow you for the rest of your life. We can discuss those options if you want to.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
FrauStachowski
Level 2
sebastianf10-gma
New Member
Ian121179
New Member
Esterházy2024
Returning Member
lisas341-
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.