IRA Deduction

[oceanlovin'ea]

Husband works for a company and gets W-2. Wife is self-employed. His wages are $52000 and her net income on Sch C is 910. They want to put money in IRA for wife. Is her IRA deduction limited to her Sch C income less 1/2 of SE tax or can she put more in based on spousal IRA?

I used to have a IRA worksheet but can't find it.

Thanks for the help.

Linda F

[Bucky]

The spouse can contribute the full amount allowed either 4000 or 5000 if catch up. This is as long as one spouse has enough income to cover total IRA contributions.