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bunching deductions

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  • bunching deductions

    IRA contributions can't be bunched for tax purposes like other deductions, can they?

    For example, if I make an IRA contribution between 1/1 and 4/15 as my 2009 contribution, and I make my 2010 contribution before 12/31 2010, I can't claim both contributions on my 2010 taxes, can I?

    Thanks.
    seek knowledge, not answers
    personal finance

  • #2
    No. Only $5,000 per person per tax year maximum.
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    • #3
      Nope. You can only claim the IRA contribution for the tax year it applies to, so you have to claim your 2009 contribution on your 2009 taxes regardless of when it is actually made.
      Steve

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