Can I set up IRA in 2017 and claim on 2016?

[jasonmarble0407]

If I don't set up a Traditional IRA until 2017(but before April) , can I still claim on my 2016 tax year?

[KenH1 · Accepted solution]

Yes,  you have until April 15th, 2017 to claim a 2016 IRA contribution. 

To claim it in TurboTax:

Select Federal Taxes in the top menu

Select Deductions and Credits just below the top menu

Scroll down to Retirement and Investments and select Show More

Select Start next to Traditional and Roth IRA Contributions