economy
March 12, 2026
This is an 'overlooked tax break' for retirement savers
Spousal IRAs allow married couples to boost retirement savings. Here's who qualifies for the strategy.
TL;DR
- Married couples, particularly those with a single income, can use a spousal IRA to increase retirement savings.
- The deadline to make retroactive contributions for 2025 is April 15th.
- A spousal IRA is a separate Roth or traditional IRA established for a non-earning spouse.
- The working spouse must have sufficient earned income to make contributions to both IRAs.
- For 2025, the IRA contribution limit is $7,000 per person, with an additional $1,000 for those 50 and older.
- Spousal IRAs can provide a tax deduction for traditional contributions or tax-free income for Roth contributions.
- This strategy is considered an overlooked tax break that can significantly boost household retirement savings.
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