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April 11, 2024
Question

I want to amend my taxes with an IRA contribution

  • April 11, 2024
  • 1 reply
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 am retired and would like to amend my taxes before 4/15 with an IRA contribution, is this doable?

1 reply

April 11, 2024

Do you have earned income?

 

To contribute to a deductible IRA, you need to have earned income, such as wages or self-employed income.

 

If this is the case, you can contribute by April 15, then you can amend your tax return to report that contribution.

 

The deductibility of your contribution may be limited by your Modified AGI.

 

See this IRS document.

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