Can I make a contribution to my ira for 2019?

fltopper72 · ‎February 5, 2020

i am 71 years old and worked in 2019. i was hoping i could take advantage of the secure act which was recently pasted by congress.

JohnW222 · ‎February 5, 2020

If you were age 70½ or older by the end of Tax Year 2019, you can't make an IRA deduction for 2019.

However, in Tax Years 2020 and subsequent, you can contribute, regardless of your age.

Please see the IRS' Traditional and Roth IRAs page for more information.

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JohnW222 · ‎February 5, 2020

If you were age 70½ or older by the end of Tax Year 2019, you can't make an IRA deduction for 2019.

However, in Tax Years 2020 and subsequent, you can contribute, regardless of your age.

Please see the IRS' Traditional and Roth IRAs page for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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