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$0-$10,000 — Married Filing Separately (and you lived with your spouse at any time during year)
$95,000-$110,000 — Single, Head of Household, or Married Filing Separately (and you did not live with your spouse)
Contributions to Spousal Roth IRA
You can make contributions to a Roth IRA for your spouse provided you meet income requirements.
When to Make Contributions
Contributions to a Roth IRA can be made at any time during year or by due date of your return for that year (not including extensions). Roth IRA contributions are not tax deductible and are not reported on your tax return. On other hand, you do not include in your gross income, and therefore are not taxed on, any qualified distributions or distributions that are a return of your regular Roth IRA contributions or that are rolled over into another Roth IRA.
The Roth IRA is an incredibly valuable retirement vehicle since distributions are made tax-free. If you are considering retirement planning, make sure to investigate Roth.
Richard Chapo is CEO of Business Tax Recovery - Obtaining tax refunds for small businesses for overpaid taxes. Discovery tax strategies and deductions in our tax articles section.