Deductions & credits

@crevitch simply, the maximum contribution she can make is 5/12 * $4850 (I am assuming Single +1000 for being over 55), so that is $2020 (you need to round down)  that is her 2023 limit. 

 

it doesn't have to be contributed by May, it can be paid as late as April 15, 2024 (tax filing deadline)