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Can I still make an IRA or Roth IRA contribution for 2022?


Explanation of the the deadline for making 2022 IRA or Roth IRA contributions. Spoiler alert: it's April 18, 2023 IRS summary of Modified Adjusted Gross Income limits for deducting 2022 traditional IRA contributions - To listen to the retirement planning Education podcast, join the retirement planning Education Facebook group or download lots of free retirement planning Education material - #IRA #RothIRA #Investing DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Andy Panko EMC LLC make any representations to its accuracy....(read more)


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With the start of the new year, many individuals are wondering if they can still make an IRA or Roth IRA contribution for the 2022 tax year. The answer is yes, you can still make a contribution. IRA and Roth IRA contributions are allowed up to the April 15th deadline each year. This means you still have time to make a contribution for the 2022 tax year. How much you can contribute will depend on your income and filing status. For traditional IRAs, the contribution limit is $6,000 for those under age 50 and $7,000 for those age 50 and older. For Roth IRAs, the contribution limit is $6,000 for those under age 50 and $7,000 for those age 50 and older. In addition to the contribution limit, there are other rules and regulations you should be aware of before making a contribution. For example, if you are covered by a retirement plan at work, your contribution may be limited or even disallowed depending on your income. If you are eligible to make a contribution, it is important to do so as soon as possible. Contributions made before the April 15th deadline are tax deductible for the current tax year. This means you can save money on your taxes now and enjoy the benefits of a retirement savings plan for many years to come. No matter your age or income level, it is important to take advantage of the opportunity to make an IRA or Roth IRA contribution for the 2022 tax year. Doing so can help you save money now and plan for a secure retirement in the future. https://inflationprotection.org/can-i-still-make-an-ira-or-roth-ira-contribution-for-2022/?feed_id=71856&_unique_id=63f1b4106cfc9 #Inflation #Retirement #GoldIRA #Wealth #Investing #investing #ira #MAGI #retirementplanning #RothIRA #taxreturn #taxes #TraditionalIRA #investing #ira #MAGI #retirementplanning #RothIRA #taxreturn #taxes
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