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2taxingme
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Can I make an IRA contribution, under the new tax law, at any age?

 
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2 Replies

Can I make an IRA contribution, under the new tax law, at any age?

Nothing has changed for the age when you can no longer contribute to a Traditional IRA.  The age remains at age 70 1/2 or younger.

For a Roth IRA anyone can contribute regardless of age.

dmertz
Level 15

Can I make an IRA contribution, under the new tax law, at any age?

DoninGA's answer applies to 2019; you are not permitted to make a traditional IRA contribution for 2019 if you were age 70½ or over in 2019.  The age restriction on traditional IRA contributions has been eliminated only for contributions made for 2020 and beyond.

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