Of course, though, an elective deferral of a total of $26,213 in 2020 would be beyond the permissible amount, even for someone age 50 or over in 2020.
However, with AGI below $65,000 filing single, you could make a deductible traditional IRA contribution for 2020 as well. That combined with a maximum elective deferral would get you to your goal if you are age 50 or over, but not quite if you will not have reached age 50 by the end of 2020.
With income falling in the 12% tax bracket, it might make more sense to make contributions to a Roth account instead of to a traditional account and pay taxes on that money now to be able to have the investment gains be tax-free later.
