Contribute to an IRA Before April 15

Making a contribution to a traditional individual retirement account (IRA) is often tax-deductible for the year in which they are made — and they can be made through the tax filing deadline for that year (i.e., through April 15 for 2025 income tax returns). One can deduct the full amount of an IRA contribution if a workplace-based plan isn’t in place, or a partial amount based on adjusted gross income and filing status. You can contribute as much as you like to an IRA, of course, but the maximum permitted deduction for 2025 is $7,000 per year for persons under 50 and $8,000 for those 50 and over. #LastMinuteTaxDeductions