How LLC Owners Save on Taxes in 2026

Retirement Planning

Spousal IRA Strategy

Fund a full IRA for a non-working or low-earning spouse using the working spouse's earned income — then layer in a backdoor Roth conversion to eliminate future taxation entirely. A frequently overlooked strategy that can add $7,500–$15,000 per year in tax-advantaged retirement savings for married couples.

$7,5002026 Spousal IRA Limit (age 50+)
IRC §219(c)Statutory Authority
MFJ OnlyFiling Requirement
$15,000+Combined Annual Contribution Potential
Verified 2026 IRS Figures IRC §219(c) Authority Rev. Proc. 2025-32 SECURE 2.0 Act (2022) IRS Pub. 590-A
IRA Limit (under 50)$7,000
IRA Limit (age 50+)$7,500
Roth Phase-Out (MFJ)$242,000–$252,000
Deductible Phase-Out (MFJ, covered)$126,000–$146,000
Spousal Deductible Phase-Out (MFJ)$236,000–$246,000
Filing RequirementMFJ Only
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What Is the Spousal IRA Strategy?

Under IRC §219(c), a married couple filing jointly can contribute to an IRA for a non-working or low-earning spouse — using the working spouse's earned income to satisfy the contribution requirement. This directly overrides the general rule that IRA contributions require the contributor to have earned income equal to or greater than the contribution amount.

The result: a couple where one spouse earns all the income can still fund two full IRAs — one for each spouse — doubling their annual retirement contribution capacity. For 2026, that means up to $14,000 combined ($15,000 if both are age 50 or older) in a single tax year.

The strategy becomes even more powerful when layered with a backdoor Roth conversion. High-income couples who exceed the Roth IRA income limits ($242,000–$252,000 MAGI for MFJ in 2026) can still fund a nondeductible traditional IRA for the non-working spouse and immediately convert it to a Roth — achieving tax-free growth without any income limit restriction. This is one of the cleanest and most underutilized planning opportunities for dual-income households where one spouse has stepped back from the workforce.

Eligibility Requirements

RequirementRulePractitioner Note
Filing StatusMust file Married Filing JointlyMFS filers are ineligible — this is a hard statutory requirement under §219(c)(1)
Working Spouse Earned IncomeMust equal or exceed combined contributionsIf both spouses contribute $7,000 each ($14,000 total), working spouse must have at least $14,000 in earned income
Non-Working Spouse AgeMust be under age 73 (RMD age)SECURE 2.0 raised RMD age to 73; contributions can continue until that age
Compensation DefinitionWages, self-employment income, alimony (pre-2019 divorces)Investment income, rental income, and pension income do NOT count as earned income
Separate IRA AccountNon-working spouse must have their own IRACannot contribute to the working spouse's IRA on behalf of the non-working spouse

Deductibility Rules — The Phase-Out Trap Most Practitioners Miss

The deductibility of a spousal IRA contribution depends on whether either spouse is covered by a workplace retirement plan. This creates three distinct scenarios with very different tax outcomes:

Scenario2026 Phase-Out Range (MAGI)Result
Neither spouse covered by workplace planNo phase-out — fully deductible at any incomeFull deduction regardless of MAGI
Working spouse covered by workplace plan$126,000–$146,000 (MFJ)Working spouse's deduction phases out; non-working spouse uses separate rule below
Non-working spouse (not covered), working spouse IS covered$236,000–$246,000 (MFJ)Non-working spouse's deduction phases out in this higher range — separate from the working spouse's limit
Both spouses covered by workplace plans$126,000–$146,000 (MFJ)Both deductions phase out in the lower range

Practitioner Example: The $236K–$246K Window

Client is a physician earning $280,000 W-2 with a 401(k) at work. Spouse is a stay-at-home parent with no income. The physician's own IRA deduction is fully phased out at $146,000 MAGI. However, the non-working spouse's spousal IRA deduction phases out between $236,000 and $246,000 MAGI. At $280,000 MAGI, the non-working spouse's deduction is also fully phased out.

Planning action: Both IRAs should be funded as nondeductible contributions and immediately converted to Roth (backdoor Roth). The physician's IRA uses the standard backdoor Roth process. The non-working spouse's IRA uses the spousal IRA contribution rule under §219(c) as the funding mechanism, then converts. Result: $14,000–$15,000 in Roth contributions per year despite $280,000 household income.

Layering the Backdoor Roth Conversion

For high-income couples who exceed the Roth income limits, the spousal IRA becomes the funding vehicle for a backdoor Roth conversion. The mechanics are identical to a standard backdoor Roth, but the contribution authority comes from §219(c) rather than the standard §219(a) rule.

1
Open a traditional IRA in the non-working spouse's name — must be a separate account, not the working spouse's IRA
2
Make a nondeductible contribution — $7,000 (under 50) or $7,500 (age 50+) for 2026, using the working spouse's earned income as the qualifying compensation under §219(c)
3
File Form 8606 for the non-working spouse — this establishes the basis in the nondeductible contribution and is critical for preventing double taxation on conversion
4
Convert to Roth IRA immediately — same-day or next-day conversion minimizes earnings accumulation in the traditional IRA, keeping the taxable conversion amount near zero
5
Check for pro-rata rule exposure — if the non-working spouse has any pre-tax IRA balances (rollover IRAs, SEP-IRAs, SIMPLE IRAs), the pro-rata rule under §408(d)(2) will apply, making the conversion partially taxable. Coordinate with any existing IRA balances before proceeding
6
File Form 8606 again at conversion — Part II of Form 8606 reports the conversion and uses the basis established in Step 3 to calculate the taxable amount (should be $0 if done correctly)
Critical: The Pro-Rata Rule Applies Per Spouse — The pro-rata rule is calculated separately for each spouse's IRA accounts. The non-working spouse's IRA accounts are evaluated independently from the working spouse's IRA accounts. If the non-working spouse has a pre-tax rollover IRA from a prior employer, that balance will trigger the pro-rata rule and make the backdoor Roth partially taxable. Consider rolling the pre-tax IRA into the working spouse's 401(k) if the plan accepts incoming rollovers, or into a solo 401(k) if applicable.

Documentation Requirements

DocumentPurposeRetention
Form 8606 (Part I) — Non-Working SpouseEstablishes nondeductible basis in traditional IRA contributionPermanently — until all IRA funds are distributed
Form 8606 (Part II) — Non-Working SpouseReports Roth conversion and calculates taxable amountPermanently — until Roth account is fully distributed
IRA Contribution ConfirmationConfirms contribution amount, year, and account7 years minimum
Roth Conversion ConfirmationConfirms conversion date, amount, and source account7 years minimum
Working Spouse W-2 or Schedule CProves earned income sufficient to cover both contributions7 years minimum
MFJ Tax ReturnConfirms filing status eligibility for §219(c)7 years minimum

Long-Term Value Analysis

The spousal IRA strategy's value compounds significantly over time. Consider a couple where the non-working spouse is age 40 in 2026 and begins funding a backdoor Roth spousal IRA each year through age 65:

ScenarioAnnual ContributionYearsProjected Value at 65 (7% avg return)
No spousal IRA (missed opportunity)$025$0
Spousal IRA — Roth (tax-free growth)$7,000–$7,50025~$480,000–$515,000 tax-free
Both spouses funding backdoor Roth$14,000–$15,00025~$960,000–$1,030,000 tax-free

The tax savings on a $480,000 Roth balance at a 24% marginal rate represents approximately $115,000 in avoided federal income tax on distributions — all from a strategy that costs nothing to implement beyond the annual contribution.

Common Mistakes and How to Avoid Them

MistakeConsequencePrevention
Contributing to the working spouse's IRA instead of opening a separate spousal IRAExcess contribution penalty (6% per year) if working spouse is already at the limitOpen a separate IRA account in the non-working spouse's name and SSN
Not filing Form 8606 for the nondeductible contributionIRS treats the entire conversion as taxable — double taxation on the basis amountFile Form 8606 every year a nondeductible contribution is made, regardless of whether a conversion occurs that year
Ignoring the pro-rata rule when the non-working spouse has pre-tax IRA balancesPartially taxable conversion — may negate the benefit of the strategyAudit all IRA accounts in the non-working spouse's name before executing the conversion
Filing MFS instead of MFJSpousal IRA contribution is not permitted — excess contribution penalty appliesConfirm filing status before making the contribution; MFS filers cannot use §219(c)
Contributing after the non-working spouse turns 73Excess contribution penalty — RMDs begin at 73 and contributions are no longer permittedTrack the non-working spouse's age; final contribution year is the year they turn 72 (contributions for that year are permitted until the tax filing deadline)

Client Explanation Script

"Here's something most people don't realize: even though your spouse doesn't have any income this year, we can still fund a full IRA in their name — up to $7,500 — using your earned income as the qualifying compensation. The IRS specifically allows this for married couples filing jointly under a rule called the Spousal IRA provision.

Since your income is above the Roth IRA limit, we'll do what's called a backdoor Roth conversion. We put the $7,500 into a traditional IRA as a nondeductible contribution, then immediately convert it to a Roth. Because we're converting money that was never deducted, there's no tax on the conversion — it goes straight into a Roth account where it grows completely tax-free forever.

Combined with your own backdoor Roth, we're putting $15,000 per year into tax-free retirement accounts for your household. Over 25 years, that's potentially over a million dollars in tax-free retirement savings — all from a strategy that takes about 20 minutes to set up."

Frequently Asked Questions

Can we do a spousal IRA if my client's spouse had some part-time income this year?
Yes — and the calculation becomes straightforward. The working spouse's earned income must equal or exceed the combined IRA contributions for both spouses. If the non-working spouse earned $3,000 in part-time income, they can contribute up to $3,000 to their own IRA based on their own earned income. The working spouse can then contribute to the non-working spouse's IRA using the spousal rule to bring the total up to the annual limit ($7,000 or $7,500 for age 50+). The key is that the combined contributions cannot exceed the working spouse's earned income.
What if the couple files separately for state tax purposes but jointly for federal?
The §219(c) spousal IRA rule is a federal tax provision and is determined by the federal filing status. If the couple files MFJ for federal purposes, the spousal IRA is permitted regardless of how they file for state tax purposes. Some states allow separate state returns even when filing jointly federally, and this does not affect the federal spousal IRA eligibility.
My client's non-working spouse has a rollover IRA from a prior job. Does this kill the backdoor Roth?
Not necessarily, but it complicates it. The pro-rata rule requires you to calculate the taxable portion of any Roth conversion based on the ratio of pre-tax IRA balances to total IRA balances — and this calculation is done at year-end across all traditional, SEP, and SIMPLE IRAs in the non-working spouse's name. If the rollover IRA has $90,000 pre-tax and the new nondeductible contribution is $7,000, approximately 93% of the conversion would be taxable ($90K / $97K). Options: (1) roll the pre-tax IRA into the working spouse's 401(k) if the plan accepts incoming rollovers — the pro-rata rule is calculated per spouse, so moving it to the working spouse's 401(k) removes it from the non-working spouse's calculation; (2) convert the entire pre-tax IRA to Roth in a year when the non-working spouse is in a low tax bracket; (3) accept the partial taxation and evaluate whether the long-term Roth benefit still outweighs the current tax cost.
Can the non-working spouse contribute to a Roth IRA directly instead of doing the backdoor conversion?
Yes — if the couple's MAGI is below the Roth phase-out threshold ($242,000–$252,000 for MFJ in 2026). The non-working spouse can contribute directly to a Roth IRA using the working spouse's earned income as the qualifying compensation under §219(c). The direct Roth contribution is simpler and avoids the Form 8606 complexity. The backdoor Roth conversion is only necessary when MAGI exceeds the Roth income limit.
What happens if the couple divorces after making a spousal IRA contribution?
The spousal IRA belongs entirely to the non-working spouse — it is their account. A divorce does not create any tax event or penalty related to the IRA itself. The IRA would be treated as marital property in divorce proceedings and subject to equitable distribution under a QDRO or similar order. Importantly, if the contribution was made for a year when the couple was married and filing jointly, the contribution remains valid even if they subsequently divorce — the eligibility is determined at the time of contribution.
Is there a deadline for making the spousal IRA contribution?
Yes — the contribution deadline is the federal tax filing deadline for the year, including extensions. For the 2026 tax year, contributions can be made through April 15, 2027 (or October 15, 2027 with a valid extension). However, the extension only applies to the contribution deadline — not to the Roth conversion. The conversion can occur at any time, but for a clean backdoor Roth, the conversion should occur in the same tax year as the contribution to minimize earnings accumulation in the traditional IRA.
Can a spousal IRA be a SEP-IRA or SIMPLE IRA?
No. The spousal IRA provision under §219(c) applies specifically to traditional and Roth IRAs. SEP-IRAs and SIMPLE IRAs require the account holder to have self-employment income or be an employee of the sponsoring employer — a non-working spouse cannot contribute to a SEP-IRA or SIMPLE IRA based solely on the working spouse's income. The spousal IRA rule is limited to the standard IRA contribution limits under §219(b).
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Quick Reference — 2026
IRA Limit (under 50)$7,000
IRA Limit (age 50+)$7,500
Roth Phase-Out Start (MFJ)$242,000
Roth Phase-Out End (MFJ)$252,000
Spousal Deductible Phase-Out$236K–$246K
AuthorityIRC §219(c)
Filing RequirementMFJ Only
Max Age for ContributionUnder 73

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More Tax Planning FAQs

What is the S-Corp election and how does it reduce self-employment tax?
An S-Corp election allows the owner to split income between a reasonable salary (subject to 15.3% FICA) and distributions (not subject to FICA). For a business owner with $200,000 in net profit paying an $80,000 salary, the annual SE tax savings are approximately $15,500–$18,500. The S-Corp must file Form 2553 within 75 days of formation.
What is the Section 199A QBI deduction and how does it apply?
The §199A deduction allows pass-through business owners to deduct up to 23% of qualified business income (QBI) from taxable income under OBBBA. For taxpayers above $403,500 (MFJ) in 2026, the deduction is limited to the greater of 50% of W-2 wages or 25% of W-2 wages plus 2.5% of qualified property.
What retirement plan options are available for self-employed professionals?
Self-employed professionals can establish a Solo 401(k) (up to $70,000 in 2026), a SEP-IRA (25% of net self-employment income up to $70,000), a SIMPLE IRA ($16,500 + $3,500 catch-up), or a Defined Benefit Plan (up to $280,000+ depending on age). The Solo 401(k) is the best option for most self-employed professionals.
How does the home office deduction work for self-employed professionals?
Self-employed professionals who use a dedicated home office space exclusively and regularly for business qualify for the home office deduction under §280A. The deduction is calculated as a percentage of home expenses equal to the office square footage divided by total home square footage. The simplified method allows $5/sq ft up to 300 sq ft ($1,500 maximum).
What vehicle deductions are available for self-employed professionals?
Self-employed professionals can deduct vehicle expenses using either the standard mileage rate (70 cents/mile in 2026) or actual expenses. Vehicles with a GVWR over 6,000 lbs qualify for §179 expensing and bonus depreciation without luxury auto limits. A mileage log must be maintained for either method.
What is the Augusta Rule and how can it benefit business owners?
The Augusta Rule (§280A(g)) allows homeowners to rent their primary or secondary residence to their business for up to 14 days per year. The rental income is completely tax-free to the homeowner, and the business deducts the rent as a business expense. At $2,000–$3,000/day for 14 days, this strategy generates $28,000–$42,000 of tax-free income.
How should a spouse set up a Spousal IRA to maximize retirement savings under current rules?
To set up a Spousal IRA, the working spouse must have sufficient earned income to cover both their own and their spouse's IRA contributions, which for 2026 is up to $7,500 per individual or $8,600 if age 50 or older. The non-working spouse can contribute to either a Traditional or Roth IRA, subject to income limits and filing status. Contributions must be made by the tax filing deadline, typically April 15, 2027, for the 2026 tax year. Ensure that contribution limits are not exceeded and consider whether the non-working spouse is covered by a retirement plan, as this affects the deductibility of Traditional IRA contributions per §219.
What are the key compliance risks and documentation requirements when advising clients on Spousal IRAs?
Compliance risks include exceeding contribution limits and incorrectly applying deduction phaseouts under §219, especially if the working spouse is covered by a workplace retirement plan. Proper documentation includes proof of earned income by the working spouse and timely IRA contribution records. Maintain clear records demonstrating the non-working spouse’s eligibility and the source of funds, as well as tax returns supporting the filing status and income levels. Failure to document adequately may trigger IRS inquiries regarding excess contributions or nondeductible contributions.
When is the latest a Spousal IRA contribution for the 2026 tax year can be made?
Spousal IRA contributions for the 2026 tax year can be made up until the tax filing deadline, which is April 15, 2027, including any extensions. Contributions made after this date cannot be applied to the 2026 tax year and will count toward the 2027 tax year instead. This deadline aligns with the general IRA contribution deadlines under §219, so timely action is critical to ensure proper tax treatment and to maximize tax benefits.
How does having both a Spousal IRA and a workplace retirement plan affect deduction limits for the non-working spouse?
If the working spouse is covered by a workplace retirement plan, the deduction for the non-working spouse’s Traditional IRA contribution is subject to phaseout based on the couple’s modified adjusted gross income (MAGI) per §219. For 2026, the deduction phases out between $116,000 and $136,000 of MAGI for married filing jointly. If neither spouse is covered by a workplace plan, the full deduction is generally available. This distinction is critical for determining deductible contributions and planning Roth conversions or nondeductible contributions.
Can clients combine Spousal IRA contributions with backdoor Roth IRA strategies effectively?
Yes, clients can contribute to a non-deductible Traditional IRA as a Spousal IRA and then convert those funds to a Roth IRA via a backdoor Roth conversion. However, the pro-rata rule under §408(d)(2)(B) applies to all Traditional, SEP, and SIMPLE IRAs aggregated, which affects the taxable portion of the conversion. Proper planning requires reviewing all IRA balances to avoid unexpected tax liabilities. Documenting the source and timing of contributions and conversions is essential to maintain compliance and optimize tax outcomes.
How does the Spousal IRA deduction phaseout compare to the Roth IRA income limits for 2026?
For 2026, the Spousal IRA Traditional deduction phaseout for a covered spouse filing jointly is between $116,000 and $136,000 of MAGI under §219. In contrast, the Roth IRA contribution phaseout begins at a higher MAGI level of $218,000 and completely phases out at $228,000 for married filing jointly under §408A. This means higher-income couples may lose the ability to deduct Traditional IRA contributions but may still be eligible to contribute directly to a Roth IRA, though phaseouts limit eligibility. Understanding these thresholds is crucial for optimizing contribution strategies.
What questions should I ask a client to determine if a Spousal IRA strategy is appropriate for their situation?
First, confirm whether the client and spouse have earned income sufficient to cover both IRA contributions and clarify the couple’s tax filing status. Next, ask about the spouse’s participation in any employer-sponsored retirement plans to assess deduction eligibility under §219. Inquire about the client’s current IRA balances to evaluate the impact of the pro-rata rule on any Roth conversions. Finally, discuss their retirement goals and timeframe to align the Spousal IRA strategy with overall tax planning and cash flow considerations.
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