Do I have time to invest in a Roth IRA or IRA in 2018 and still take credit for it dollar for dollar in my 2017 tax returns?

[savidj1-]

What is the time limit for investing in a traditional IRA in order yo take credit for in on my 2017 tax returns?

[Lisa995]

Only a traditional IRA will reduce your income.   And its not dollar for dollar tax savings, its an income reduction...so you have that much less income to tax.

[MichaelL1 · Accepted solution]

You have until April 17, 2018, to make the IRA contribution.

Make sure they know it for the tax year 2017.  

Tax-filing extensions do not apply to your IRA contributions, except for SEP-IRA contributions (must be self-employed).