Kay Bailey Hutchison Roth IRA spousal contribution
Hi,
Does the Kay Bailey Hutchison spousal provision apply to Roth IRA contributions as well as Traditional IRA contributions? Pub 590 only uses an example of a Traditional IRA to illustrate this provision and I’d like to be sure it applies to Roth IRA contributions as well.
Thanks!
Chris Erickson
Permalink Submitted by Alan - IRA critic on Mon, 2017-04-03 16:50
Chris, yes a spousal Roth IRA contribution can be made in the same manner as a spousal TIRA contribution. It can also be done regardless of age. Note that Pub 590 A includes this statement in the first paragraph of the Roth section: “A Roth IRA is an individual retirement plan that, except as explained in this chapter, is subject to the rules that apply to a traditiona IRA”. That is why there was no need to include spousal contributions in the Roth section.