I have fully funded a SEP for 2007. I also have a rollover IRA containing contributions from a civil service retirement plan prior to self-employment.With no income other than pension and my own self-employment (spouse does not work), are additional contributions allowed prior to 4/15 to my existing IRA and/or a new one for my spouse? Objective is to maximize amount of untaxed contributions for the 2007 tax year as I have some spare cash.You can both contribute to IRAs for 2007 if you do so by 4/15/2008. Since your SEP contributions make you "covered" by a retirement plan, whether or not traditional IRA contributions will be deductible depends on your income. The income tests are different for each of you.See IRS Publication 590.Phil
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