Spousal Account. Contributions to an Account for a non- working spouse must be made to a separate Account established by the non-working spouse.
Spousal Account. If the Participant and his or her spouse file a joint federal income tax return for the Year and either the Participant or his or her spouse has no Earnings for such Year, the aggregate amount contributed by or on behalf of the participant (or if the Participant has no Earnings, by or on behalf of the Participant's spouse) to the Account and a similar individual retirement plan for the Participant's spouse, may not exceed the lesser of $2,250 or 100% of the Earnings of the Participant for such Year (or if the Participant has no Earnings for the Year, the Earnings of the Participant's spouse), but in no event shall the amount contributed under this Subsection (b) to the Account for any Year exceed $2,000. For purposes of this paragraph, a Participant or spouse with Earnings may elect to be treated as having no Earnings. No amount may be contributed pursuant to this Section 2.1 for the Year in which the Participant attains age 70 1/2 or any Year thereafter. For purposes of this Section 2.1, a contribution to the Account shall be deemed to have been made on the last day of the preceding Year if the contribution is made on account of such Year and is made not later than the date prescribed by law for filing the Participant's federal income tax return for such Year (without regard to any extensions of time for filing granted to the Participant).
Spousal Account. The interest de- scribed in this paragraph (g) which is transferred to the former spouse shall be treated as an individual retirement account of such spouse if the interest is an individual retirement account; an individual retirement annuity of such spouse if such interest is an individual retirement annuity; and a retirement bond of such spouse if such interest is a retirement bond. [T.D. 7714, 45 FR 52793, Aug. 8, 1980, as amend- ed by T.D. 9056, 68 FR 23588, May 5, 2003] § 1.408–5 Annual reports by trustees or issuers.
