IRA Contribution

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?

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2 Replies

Yes. You can record it now, but make sure you actually make the contribution. In addition, make sure you designate it for 2020.

But you must have 2020 earned income to do so.

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