Should You Make a Current or Prior-Year IRA Contribution?

Should You Make a Current or Prior-Year IRA Contribution?

Contributing to your IRA helps you be better prepared for your future, and if you're using a traditional IRA, you can also score a tax break today. Most of the time, making an IRA contribution is pretty straightforward, but right now, it's a little more complex. Up until April 18, 2022, you can either make a current-year IRA contribution or a prior-year contribution.