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How much money do you have to put into an IRA for a tax deduction?

Just new at this..Can I get an IRA in 2008 and count it on my 2007 tax return?

2 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    the deadline is april and for the previous year. and i think its only a 4k max

  • 1 decade ago

    You have until the earlier of when you file your return and April 15th, 2008 to make an IRA contribution that applies to 2007.

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