I am retired and have social security and dividernds for income (no W2 or taxable wages). I withdrew more than I should have from my IRA last year and the health care subsidy on my tax return needs to be repaid. I want to know if I can make a contribution before April taxes (in 2018) to reduce my income.
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No, you can only make an IRA contribution if you have "earned income" from wages or self-employment.
No, you can only make an IRA contribution if you have "earned income" from wages or self-employment.
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