https://ttlc.intuit.com/community/retirement/discussion/re-eligible-to-make-ira-contribution/01/2139900#M144284 <P>Yes, you can still make IRA Contributions up to the tax filing deadline.</P> <P>&nbsp;</P> <P>If you participate in a workplace-based retirement plan, you can still make tax-deductible contributions to an IRA if you are single and your income is less than $65,000 in 2020.</P> <UL> <LI>If your income is between $65,000 and $75,000 in 2020, you qualify for a partial deduction.</LI> <LI>If you are married filing a joint return, the phase-out limit for deductible IRA contributions begins at $104,000 in 2020 and the write-off disappears once your income tops $124,000.</LI> </UL> <P>&nbsp;</P> <P>Click this link for more info on <A href="https://turbotax.intuit.com/tax-tips/retirement/boost-your-retirement-savings/L3lryQHVz#:~:text=You%20can%20contribute%20up%20to%20%246%2C000%20to%20a%20Roth%20IRA,income%20is%20%24124%2C000%20or%20less." target="_blank">Retirement Contributions.</A></P> Sat, 27 Mar 2021 03:41:20 GMT MarilynG1 2021-03-27T03:41:20Z https://ttlc.intuit.com/community/retirement/discussion/eligible-to-make-ira-contribution/01/2139687#M144270 <P>I had a 401K with my employer for a portion of 2020, but retired and no longer have it in 2021. Can I open an IRA now and have it apply to my 2020 tax year?</P> Sat, 27 Mar 2021 02:07:55 GMT https://ttlc.intuit.com/community/retirement/discussion/eligible-to-make-ira-contribution/01/2139687#M144270 Mr_Crabs 2021-03-27T02:07:55Z https://ttlc.intuit.com/community/retirement/discussion/re-eligible-to-make-ira-contribution/01/2139900#M144284 <P>Yes, you can still make IRA Contributions up to the tax filing deadline.</P> <P>&nbsp;</P> <P>If you participate in a workplace-based retirement plan, you can still make tax-deductible contributions to an IRA if you are single and your income is less than $65,000 in 2020.</P> <UL> <LI>If your income is between $65,000 and $75,000 in 2020, you qualify for a partial deduction.</LI> <LI>If you are married filing a joint return, the phase-out limit for deductible IRA contributions begins at $104,000 in 2020 and the write-off disappears once your income tops $124,000.</LI> </UL> <P>&nbsp;</P> <P>Click this link for more info on <A href="https://turbotax.intuit.com/tax-tips/retirement/boost-your-retirement-savings/L3lryQHVz#:~:text=You%20can%20contribute%20up%20to%20%246%2C000%20to%20a%20Roth%20IRA,income%20is%20%24124%2C000%20or%20less." target="_blank">Retirement Contributions.</A></P> Sat, 27 Mar 2021 03:41:20 GMT https://ttlc.intuit.com/community/retirement/discussion/re-eligible-to-make-ira-contribution/01/2139900#M144284 MarilynG1 2021-03-27T03:41:20Z