524. If a person who is covered under an individual retirement plan contributes to a similar plan covering his or her non-employed spouse, are such contributions considered gifts?Nuco Employeercline202015-04-28T20:38:00Z2015-04-28T20:38:00Z1140800Summit Business Media6193914Site Map/Individual Retirement Plans/Gift TaxationSite Map/Transfer Taxation/Federal Gift Taxation/Qualified Plans, TSAs, and IRAs2005-01-25T00:00:00ZTaxFactsDefaultArticle118810740-00-tf1.xml740.00;#1789;#2363;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 1If one who is covered under an individual retirement plan (IRA) contributes to a similar plan covering his nonemployed spouse, are such contributions considered gifts?127200.000000000TaxFactsDefaultArticleSBMEDIA\moss-admin2010-01-15T00:57:38Z524. If a person who is covered under an individual retirement plan contributes to a similar plan covering his or her non-employed spouse, are such contributions considered gifts?Yes. These contributions generally qualify for the marital deduction, however, and do not require the filing of a gift tax return. There should be no question that an individual’s contributions to a spousal IRA would qualify for the marital deduction, so long as the donee spouse is the one who names a beneficiary to receive account proceeds remaining at that spouse’s death. If the donor spouse (i.e., the contributing individual) designates a beneficiary, the donee spouse’s interest in the IRA would be a nondeductible terminable interest and the marital deduction would not be allowed, except in the case of certain joint and survivor annuities (Q 541).