You Still Have Time to Make IRA Contributions for 2025
Here’s what to know about deadlines, limits, and how to make the most of this powerful tax strategy.
If you're looking for a simple way to reduce your taxable income and boost your retirement savings, an IRA contribution is a smart move. And the good news? You still have time to make contributions for the 2025 tax year—even though the calendar just flipped to 2026.
Here’s what you need to know.
Wait—You Can Contribute After the Year Ends?
Yes! The IRS allows you to make contributions to an Individual Retirement Account (IRA) up until the tax filing deadline for that year—not December 31.
That means you can make 2025 IRA contributions until April 15, 2026.
This applies to:
Traditional IRAs
Roth IRAs
Spousal IRAs (if your spouse doesn’t earn income)
Contribution Limits for 2025
For the 2025 tax year, you can contribute:
Up to $7,000 if you’re under 50
Up to $8,000 if you’re 50 or older (thanks to the $1,000 catch-up contribution)
These limits apply per person, so a married couple could potentially contribute up to $14,000–$16,000 total (depending on age and eligibility).
Traditional vs. Roth: Which Is Right for You?
Traditional IRA
Contributions may be tax-deductible, depending on your income and whether you’re covered by a retirement plan at work
Growth is tax-deferred
You’ll pay ordinary income tax when you withdraw funds in retirement
Roth IRA
Contributions are not deductible
Growth is tax-free
Withdrawals in retirement are also tax-free, if you meet the qualifications
Not sure which one is better for you? We can help you decide based on your current tax situation, income, and long-term goals.
Why This Matters Now
Even though your 2025 income is already in the books, you still have time to:
Reduce your tax bill (if you qualify for a deduction)
Boost your retirement savings
Stay on track with your long-term financial goals
At Trail CPA, we often recommend reviewing IRA contribution options in February–April, when your final income and filing strategy come into focus.
Need Help? Let’s Talk
If you're not sure:
Whether you're eligible
How much you should contribute
Whether a Traditional or Roth IRA makes more sense
We’re here to walk you through it.
Schedule a tax planning session here
Let’s make your money work harder—for both retirement and tax season.