Greetings, Tjani, and welcome. You wrote:I started investing in IRA just last year. I am married (doing joint filing for my taxes). I contribute to the maximum in my employer sponsored 401(k) plan. My spouse does not work. My AGI is less than $150,000.Now, I am planning to contribute $2000 for my spouse in her traditional tax-deductible account and I would also like to contribute another $2000 for me in a Roth IRA account. The question is if I can do this and still take the $2000 contribution towards my spouse's IRA contribution, as a tax deduction on my next year's joint tax filing ?I am trying to validate my understanding of the IRAs. Be assured your understanding is correct. The answer you received from another poster saying your spouse is ineligible for a deductible traditional IRA because you participate in a 401k plan is incorrect. As long as your AGI remains below $150K, your spouse may have a fully deductible traditonal IRA and you may make a full contribution to a Roth IRA. For details, see our IRA Area at http://www.fool.com/money/allaboutiras/allaboutiras.htm and IRS Publication 590 (Individual Retirement Arrangements) available for download at http://www.irs.ustreas.gov/forms_pubs/pubs.html.Regards..Pixy
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