Quote:
Originally Posted by lewdog
Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.
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Sounds like you can.
https://www.investopedia.com/retirem...held%20jointly.
If you’re married and one spouse doesn’t receive compensation or makes less compensation, you can open an IRA account for the spouse making less taxable compensation than the other spouse. You can contribute up to the maximum for each spouse, as long as you don’t exceed the total compensation received by both spouses [on a married filing joint return]. When both spouses are age 50 or older, the limit is $7,000 per spouse.
https://www.hrblock.com/tax-center/i...-and-roth-ira/