Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

IRA contributions & RMD

ClassicConnie
Level 1

If a person is age 75, receiving RMD, and is still working receiving a W-2 each year, and he still contribute to that IRA each year?

0 Cheers
3 Comments 3
jeffmcpa2010
Level 11

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

IRA contributions after age 70½

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.

 

 

Google is your friend!

 

Terry53029
Level 14
Level 14

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.

abctax55
Level 15

Federal - OK to make the IRA contribution (see the links the other folks provided..).

CAVEAT tho - the State may not conform (CA doesn't...)

 

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"