Disclaimer: This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Please conduct your own research and due diligence before making any financial decisions.
If you have not funded your IRA for the 2025 tax year yet, you still have time! The deadline to contribute for 2025 is April 15, 2026. For 2025, the IRA contribution limits are $7,000 with a catch-up contribution of $1,000 if you age 50 or older. See the IRS website for more information. Contributing before the deadline can help you:
- Boost your retirement savings
- Potentially lower your taxable income (with a Traditional IRA)
- Build tax-free growth for the future (with a Roth IRA)
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