Make a Deductible IRA Contribution for 2018. It’s Not Too Late!
Have you made your 2018 IRA contributions? It’s not too late just because it’s 2019. But you must act fast.
Have you made your 2018 IRA contributions? It’s not too late just because it’s 2019. But you must act fast.
As 2018 is comes to a close, we all begin to look ahead to 2019. For 2019 many of the contribution limits increased from their 2018 levels. In calculating these, IRS compares the official cost of living increase from September of 2018 to September of 2017. Because the cost of living was higher in 2018 many of the indexed (for inflation) contributions, limitations, thresholds, etc in the IRS were adjusted.
It’s time to tie up loose ends for the 2018 tax year. to help alleviate some stress, we’re sharing ‘Six Important Check Ups’ that you’ll want to do for your IRA.
There still may be time to undo your 2017 Roth IRA conversion. But think twice before converting this year because you won’t have the same flexibility with a 2018 conversion.
Have you made your 2017 IRA contributions? Just because we’re in 2018 doesn’t mean it’s too late.