
Tax Time Guide: Saving for retirement IRA contributions for 2021 can be made until April 18
IR-2022-52, March 8, 2022 WASHINGTON — The Internal Revenue Service reminds taxpayers they may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement (IRA) made through April 18, 2022. An IRA is a personal savings plan that lets employees and the self-employed set money aside for retirement and can have tax advantages.