A traditional IRA or Roth IRA set up by a married person in the name of his/her spouse who has little or no compensation. There is a $3,000 limit on Spousal IRA contributions, but the working spouse can contribute an additional $3,000 to an individual IRA. Couples must file jointly in that year.
Related information about spousal IRA:
- Guide to Spousal IRAs - SmartMoney.com
Feb 9, 2012 ... The details on establishing and saving to an IRA for a nonworking spouse.
- What Is a Spousal IRA - Rules, Eligibility & Benefits
Is a spousal IRA right for you? Learn about the IRA for non-working spouses, including benefits, rules, and contribution & income limits.
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- Publication 590 (2011), Individual Retirement Arrangements (IRAs)
Except as discussed later under Spousal IRA Limit , each spouse figures his or her .... Because of the spousal IRA limit rule, even though Tom earned less than ...
- Spousal IRA Definition | Investopedia
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- Making Spousal IRA Contributions
Feb 4, 2008 ... Eligibility requirements, contribution limits and tax deductions all change with one little ring.
- Spousal IRAs - Wells Fargo Advantage Funds
The earned income test is the only difference between a Spousal IRA and the Roth ... Spousal IRA owners who choose the traditional IRA face tests to determine ...
- Spousal IRA Contribution Rules
Sep 6, 2010 ... Did you know that a stay at home spouse can still contribute to a Roth or Traditional IRA? Here are the rules on Spousal IRA contributions.