turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

libwhite1
New Member

Can I still contribute to a '21 IRA to reduce my taxable income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
MinhT1
Expert Alumni

Can I still contribute to a '21 IRA to reduce my taxable income?

Yes, you have until April 18, 2022 to contribute to a Traditional IRA and, if you are eligible, deduct it from your 2021 taxes to lower your taxable income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
libwhite1
New Member

Can I still contribute to a '21 IRA to reduce my taxable income?

Where are the qualifications listed? I have a feeling there are income limits? 

PattiF
Expert Alumni

Can I still contribute to a '21 IRA to reduce my taxable income?

Here is an IRS link to the IRA Contribution Limits, and here are the income qualifications IRA Deduction Limits.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question