Question

My spouse is retired and has no earned income, but I have earned income and qualify for Roth contribution, can my spouse contribute to Roth IRA if we file tax jointly?

Forum|Forum|3 years ago
March 5, 2023
1 reply
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Each of us contributed $6500 to Roth IRA during 2022, one spouse had no earned income, does spousal Roth IRA apply here?

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leeloo

Yes, you can contribute to a spousal IRA assuming you have suffcient income to cover both amounts. See contribution limits below.

Kay Bailey Hutchison Spousal IRA Limit

For 2022, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts.

$6,000 ($7,000 if you are age 50 or older).
The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts.
1. Your spouse's IRA contribution for the year to a traditional IRA.
2. Any contributions for the year to a Roth IRA on behalf of your spouse.

This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $12,000 ($13,000 if only one of you is age 50 or older, or $14,000 if both of you are age 50 or older).

Note.

This traditional IRA limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions).

https://www.irs.gov/publications/p590a#en_US_2021_publink1000230412