Even though tax filing season is well underway, there’s still time to make a regular IRA contribution for 2023. You have until your tax return due date (not including extensions) to contribute up to $6,500 for 2023 ($7,500 if you were age 50 or older on or before December 31, 2023). For most taxpayers, the contribution deadline for 2023 is April 15, 2024. You can contribute to a Traditional IRA, a Roth IRA, or both, as long as your total contributions don’t exceed the annual limit (or, if less, 100% of your earned income). You may also be able to contribute to an IRA for your spouse for 2023, even if your spouse didn’t have any 2023 income.
February 6, 2024
There’s Still Time to Contribute to Your IRA for 2023!
