topic IRA Contribution Eligibility in Get your taxes done using TurboTax

IRA Contribution Eligibility

JWS1949 — Mon, 23 Feb 2026 14:37:42 GMT

I'm 73 years old, working part time and receiving Social Security Income.

When finishing up by taxes for 2022, Turbotax suggests that I can decrease my tax bill by contributing to an IRA.

I'm pretty sure I've read in IRS publications that I'm no longer eligible for a deductible IRA contribution because of my age.

Is Turbotax correct on this suggestion?

DoninGA — Sat, 18 Mar 2023 15:43:28 GMT

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.

JWS1949 — Sat, 18 Mar 2023 15:49:16 GMT

Excellent! You just turned an "amount due" to a refund.

Thanks so much for the quick reply and the link to the IRS.