IRAs - Traditional
IRA - over 70 1/2 years old
No. You cannot contribute to a traditional IRA once you reach 70 1/2.
The year in which you turn 70 1/2 is the tax year you cannot contribute to an IRA. For example if you turn 70 1/2 in the current year, you can still make a contribution by April 15, of the following year for the current year but cannot make any contributions for a traditional IRA related to the following tax year.
Need Professional Help?
If you need help with "IRAs - Traditional" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.