- Jan 10, 2006
You can open a Roth at anytime. However, contributions for a tax year must be made by the IRA owner's tax-filing deadline, which is generally April 15 of the following year. So yup, put in $4k for 2005 before April 15, and you're set. While you're at it, throw some money for 2006 in there too.Irissy said:Wicked, what's the deadline to put in money for Roth IRA to have it count towards the 2005 income tax? Is it before we file taxes this April?
Btw, the max contribution for 2005 and 2006 is $4k. And it doesn't have to be put in all at once.