can both spouses contribute to traditional ira
If neither you nor your spouse is covered by a retirement plan at work, your deduction is allowed in full. For contributions to a traditional IRA, the amount you can deduct may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.Roth IRA contributions arenât deductible.f you file a joint return and have taxable compensation, you and your spouse can both contribute to your own separate IRAs. Your total contributions to both your IRA and your spouseâs IRA may not exceed your joint taxable income or the annual contribution limit on IRAs times two, whichever is less.