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What are the requirements/restrictions to contributing to an IRA now for previous years taxes?
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You have until April 15, 2021 to contribute for the tax year of 2020. You cannot make contributions for years 2019 and earlier.
Is there an income limit/ceiling to use this feature?
There is no income limit or ceiling on the date for making a contribution.
There are limits/ceilings on what type of IRA (Roth vs regular) you can do and whether it is deductible or not if a regular IRA. The maximum amount is based on earned income and age.
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