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Ira contribution deductible
I've already made a $6500 contribution to a Roth IRA (in 2016). Does that mean I cannot now make an eligible IRA contribution before 4/18/17 ?
Yes, that i what it means. The limit, if over age 50, is $6,500 for the tax year. You can make a 2017 contribution, but not another 2016 contribution.
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