Last Call for 2024 IRA Contributions – Deadline is April 15th! 

It’s that time of year again—American IRA clients are rushing to make their IRA contributions before the tax deadline. If you’ve been putting it off, now’s the time to act! The IRS deadline for 2024 IRA contributions is fast approaching: 

🗓️ Deadline: Tuesday, April 15th, 2025 

To ensure your contribution counts for the 2024 tax year, please keep the following in mind: 

• Electronic contributions must be received by our office no later than April 15th 

• Mailed contributions must be postmarked on or before April 15th 

We recommend using trackable mail services or submitting funds electronically as early as possible to avoid last-minute issues. 

How Much Can You Contribute for 2024? 

The IRS sets annual contribution limits for IRAs, and for the 2024 tax year, the limits are as follows: 

• Under age 50: You can contribute up to $7,000 

• Age 50 or older: You’re eligible for a catch-up contribution and can contribute up to $8,000 

These limits apply to the total contributions made to all of your traditional and Roth IRAs combined. 

 

Who Can Contribute? 

To make an IRA contribution for 2024, you must have earned income during the year—this includes wages, salaries, self-employment income, and other forms of compensation. Keep in mind: 

• Traditional IRA contributions may be tax-deductible, depending on your income and whether you or your spouse are covered by a retirement plan at work. 

• Roth IRA contributions are made with after-tax dollars, and your ability to contribute depends on your Modified Adjusted Gross Income (MAGI). 

If you’re unsure about your eligibility or how much you can contribute, your tax advisor can help you determine the best option for your situation. 

Don’t Miss Out 

Making contributions before the deadline not only helps maximize your retirement savings—it can also provide tax advantages today. If you have questions or need help submitting your contribution, don’t hesitate to reach out. We’re happy to assist. 

📞 Contact us today to make sure your 2024 contributions are in on time.