Can I still contribute to my IRA prior to April 15, 2020 and lower my taxes this year?
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Yes, if you meet the requirements to have the contribution tax deductible.
If you are Single, covered by a retirement plan at work and your income is over $64,000 then you are limited on your deduction made to an IRA account.
If you are Married Filing Joint, covered by a retirement plan, at work the income limit is $103,000. If only your spouse is covered by a retirement plan at work then the income limit is $193,000
If you are Single, not covered by a retirement plan at work then you can take the full deduction.
If you are Married Filing Joint, you and your spouse are not covered by a retirement plan at work you can take the full deduction for a contribution to an IRA account.
Table for IRA deduction if covered by a retirement plan
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