Assume that a husband contributes to a retirement plan at work. Wife receives a federal retirement civil service pension and does not work.
She wants to contribute to a traditional IRA and take a deduction in 2024. Is the wife considered covered by a retirement plan at work if she is receiving a pension? Assume that the couple files a joint return and their 2024 AGI is below $204,000?
Can the wife take an IRA deduction even though she receives a federal civil service pension?
Thanks
