https://ttlc.intuit.com/community/tax-credits-deductions/discussion/ira-contribution/01/2054638#M193385 <P>I am over 70 1/2 with a traditional IRA. Can I make a contribution before April 15, 2021 and get a deduction on my 2020 Taxes?</P> Tue, 09 Mar 2021 23:29:11 GMT JimW3 2021-03-09T23:29:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/ira-contribution/01/2054638#M193385 <P>I am over 70 1/2 with a traditional IRA. Can I make a contribution before April 15, 2021 and get a deduction on my 2020 Taxes?</P> Tue, 09 Mar 2021 23:29:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/ira-contribution/01/2054638#M193385 JimW3 2021-03-09T23:29:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-ira-contribution/01/2054721#M193394 <P>Yes. You can record it now, but make sure you actually make the contribution. In addition, make sure you designate it for 2020.</P> Tue, 09 Mar 2021 23:42:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-ira-contribution/01/2054721#M193394 ColeenD3 2021-03-09T23:42:25Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-ira-contribution/01/2054983#M193419 <P>But you must have 2020 earned income to do so.</P> Wed, 10 Mar 2021 00:30:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-ira-contribution/01/2054983#M193419 SweetieJean 2021-03-10T00:30:27Z