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Comtech
New Member

IRA Contribution

What are the requirements/restrictions to contributing to an IRA now for previous years taxes?

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3 Replies

IRA Contribution

You have until April 15, 2021 to contribute for the tax year of 2020.  You cannot make contributions for years 2019 and earlier.

 

 

Comtech
New Member

IRA Contribution

Is there an income limit/ceiling to use this feature?

IRA Contribution

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.

This gives you the information about IRA's.

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