thanks ... i just took the quiz and it says i'm qualified ... question ... i ASSUME i have until april 15th, 2025, to make the $2000 contribution to an IRA for the 2024 tax year ... to get the credit, you have to contribute to an IRA or some other retirement plan ... i answered "yes" when the quiz asked me if i have done that, even though i haven't done it yet ... i assume i have until april 15th, 2025 for the 2024 tax year ... right ??
also, since the $2000 is coming from after tax savings, i should probably put this in a ROTH IRA ... if i put it in a traditional IRA, i'll have to pay tax on the $2000 when i withdraw it, and the tax will probably be more than the credit ...
am i correct ?
thanks so much !
