No, joint IRAs are not permitted. An IRA must be established in the name of the owner with their own tax identification number. An IRA is an “individual” retirement plan which allows the designation of beneficiaries, spouse or a non-spouse.

IRS Circular 230 Notice: The information contained in this FAQ is provided for information purposes only, is not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations and does not resolve any tax issues in your favor. Refer to IRS Publication 590, Individual Retirement Accounts for additional information on IRAs in general and consult your tax advisor about your individual tax situation.