Both husband and wife have SEP IRA’s. She stopped working as his income will exceed 800k this year. he can’t fund a roth or trad IRA and max’s out his 401k for being over 50.

QUESTION:

1. Can a client contribute to his wifes’ SEP even if she did not bring in any income in 2021 like you can with funding a Roth or Trad IRA if one spouse only works?

Thank you,

Douglas