It's easy to forget that you can still contribute to an IRA for 2015 even though it is now 2016. In the tri-state area, the deadline to contribute for 2015 is April 18, 2016.
You can contribute up to $5,500 to a regular or Roth IRA, or both, ( as long as your contributions don't exceed the limit) before the deadline. And if you were at least 50 years old by December 31, 2015, you can contribute up to $6,500 for yourself — and a similar amount for your spouse, even though he or she may not have had any 2015 income.
If you and/or your spouse were covered by an employer-sponsored retirement plan in 2015, your ability to deduct your contributions may be limited or eliminated depending on your filing status and your modified adjusted gross income.
This is just a brief wake-up call concerning IRA contributions for 2015. If you have any questions, check with your tax advisor before the deadline.