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It means you can contribute $3000 in 2002 and your spouse can contribute $3000 in 2002. It doesn't matter if you're filing MFJ or MFS.

That's true only to the extent one has the earned compensation to make the full contribution of $3,000 ($3,500 if age 50 or older).


A follow-up to that... for couples filing MFJ, does it still stand true even at the new $3000 limit that one spouse can make contributions also to a non-working spouse's Roth? i.e., I'm a full time student and not working but my wife is. Can she contribute $3000 to both our IRA's as she did when the limit was $2000? I figured it was and tried to check on the IRS website but didn't find anything.

Thanks,
Sascha
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