IRA Contribution Deadline

Submitted by editor on Wed, 04/01/2009 - 21:17.

IRA Contribution Deadline

Students and parents who have worked during the last tax year can contribute upto $5,000 in their Traditional IRA or Roth IRA, provided they have earned more than $5,000.  The contribution in Traditional IRA can be subject to a tax deduction provided it meets the income criteria.  Those who have made less than $5,000 can contribute only up to the amount earned.  The deadline for to make last year's contribution is April 15th.  The deadline to make next year's contribution is April 15th next year.

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