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Level 2
posted Mar 6, 2024 12:54:22 PM

Roth contribution for last year

If I do not have a Roth IRA, can I still open Roth IRA account and contribute for both 2023 and 2024 now, before April 15? Or does the account have to be open in 2023?

 

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1 Replies
Employee Tax Expert
Mar 6, 2024 1:00:07 PM

Yes, you can open a Roth account and make a contribution for the prior year as well as this year as long as you open and make the contribution before April 15.