topic My wife retired but still making payments to IRA because I'm working. However, I retire mid-Oct. Can we make additional payments to her IRA until Apr 2020 filings? in Retirement tax questions

My wife retired but still making payments to IRA because I'm working. However, I retire mid-Oct. Can we make additional payments to her IRA until Apr 2020 filings?

chris-premo — Mon, 30 Sep 2019 19:10:13 GMT

Re: My wife retired but still making payments to IRA because I'm working. However, I retire mid-Oct. Can we make additional payments to her IRA until Apr 2020 filings?

macuser_22 — Tue, 01 Oct 2019 18:30:42 GMT

Incorrect answer removed - see dmertz answer.

Re: My wife retired but still making payments to IRA because I'm working. However, I retire mid-Oct. Can we make additional payments to her IRA until Apr 2020 filings?

chris-premo — Mon, 30 Sep 2019 21:05:35 GMT

Thanks. We weren't sure if we'd be able to put money in for CY 2019, before filing 2019 Taxes by 15 April 2020.

Re: My wife retired but still making payments to IRA because I'm working. However, I retire mid-Oct. Can we make additional payments to her IRA until Apr 2020 filings?

dmertz — Mon, 30 Sep 2019 22:33:56 GMT

Yes, you have until April 15, 2020 to make regular traditional or Roth IRA contributions for 2019 based on your 2019 compensation. The fact that you retire in October 2019 is irrelevant provided you had sufficient compensation earlier in 2019 to cover the contributions. But I'm not sure why you would want to wait to make the contributions.