This answer is from What is a spousal contribution, as opposed to a regular IRA contribution? Are they one and the same on a tax return?
Paul Kennard said
You can contribute to your spouses IRA, but there are a couple of simple rules to follow:
- You must file a joint tax return
- You must have been legally married at the end of the tax year
Additional info:
The maximum amount you can contribute for 2008 is $5,000 for those under age 50. If you are age 50 or older, you can contribute an extra $1,000 or $6,000 in total. You must also be under age 70 1/2 in order to contribute to a traditional IRA. Lastly, your combined earned income must equal or exceed the amount contributed to the IRAs.
