@tnomliwnotroh - this is a year old post asking about 2016-2017.
The term "catch up" refers to the additional $1,000 that a person over age 50 can contribute to an IRA, not the ability to contribute to a prior year.
For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than:
- $5,500 ($6,500 if you’re age 50 or older), or
- your taxable compensation for the year, if your compensation was less than this dollar limit.
(Taxable compensation is generally money that you worked for - W-2 or self-employed income).
For 2018 taxes You have until April 15, 2019 to make a 2018 contribution to an IRA if eligible.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
