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Get your taxes done using TurboTax
You can't contribute more than $7000 to an IRA in 2022--$6000 general plus $1000 catch-up.
You also must have compensation from working, which you did not mention one way or the other.
A $7000 contribution will save probably $800-$1500 in income taxes.
If you are eligible to contribute to a qualified retirement plan at work (401k, 403b, etc) and you are not maxed out for the year, you might try and supersize your contributions for your last couple of paychecks, because that does not count agains your $7000 IRA contribution limit.
‎November 16, 2022
4:24 PM