- quote -

You need to have:
a. wages at least equal to the amount contributed to
her IRA;
b. family income of under $160,000 to get a deduction
for the IRA if you are a participant in a retirement
plan (like a 401(k)); if you are not a participant,
no income limit.
You can always put funds into her IRA; the question is
whether the contribution is deductible.

--
Thomas E Healy, CPA, PC
1650 38th St., Ste 202W
Boulder, CO 80301
Please send email to: tom[at]tomhealycpa.com, since I block all email at my
newsgroup address.
phone (303) 443-1804
fax (720) 489-3772

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"Oradba Linux" <techiey2k3[at]comcast.net> writes:

- quote -

Yes.

- quote -

No taxable compensation or reaching age 70 1/2.

Phil Marti
Clarksburg, MD

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I opened up a traditional IRA in my wife's name last year
who was not employed. Can i contribute to the same IRA
account for this year as she was not employed this year
also? What conditions trigger that i cannot contribute to
the same IRA account or make any contributions at all ?

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