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2taxingme
March 29, 2020
Question

Can I make an IRA contribution, under the new tax law, at any age?

  • March 29, 2020
  • 1 reply
  • 0 views
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1 reply

DoninGA
DoninGA
Employee
March 29, 2020

Nothing has changed for the age when you can no longer contribute to a Traditional IRA.  The age remains at age 70 1/2 or younger.

For a Roth IRA anyone can contribute regardless of age.

D
dmertz
Employee
March 30, 2020

DoninGA's answer applies to 2019; you are not permitted to make a traditional IRA contribution for 2019 if you were age 70½ or over in 2019.  The age restriction on traditional IRA contributions has been eliminated only for contributions made for 2020 and beyond.

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