Ask The Expert: Contributions

Q:
Asked by Mike 3/11/13

If I contribute to an IRA before april 15 of 2013 can I deduct my contrbution on my 2012 taxes?

Erik Budde A:
Answered by Erik Budde 3/12/13
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63 out of 165 people found this useful.

Yes. That is one of the great things about a Traditional IRA. So long as your contribution is made before April 15, you can deduct the contribution from your previous year’s taxes.

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