In some cases, a taxpayer may deduct an otherwise allowable contribution to an IRA, even though the contribution is made after the close of the tax year.

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The taxpayer may make a contribution to an IRA up until the tax filing deadline, which is typically April 15th of the following year. Therefore, a contribution made after the close of the tax year may still be deductible if it is made before the deadline.

In Some Cases, a Taxpayer May Deduct an Otherwise Allowable