Can I contribute to my IRA based on self-employment income at age 80?

[csorlove]

Turbo tax program asks me if I want to contribute and has calculated the amount, but the program has my age.

[MichaelDC]

From DoninGA:

Contribution to a Traditional IRA - No. You must be under age 70 1/2

Contribution to a Roth IRA - Yes.  There is no age limit if you have taxable compensation.

See this IRS website for information on IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

[dmertz]

You can also contribute to a SEP-IRA or a SIMPLE IRA plan.  (A SIMPLE IRA  plan would have to have been established last year while a SEP plan can be established up until the due date of your tax return.) depending on your net profit from self-employment, you may be eligible to contribute to a SEP or SIMPLE IRA *and* a personal IRA.