Although the 1998 tax year is over, there is still a chance to claim some deductions. The following deductions are available to eligible taxpayers even if the actual payment is made in 1999*:

Last date for 1998 Contributions: April 15, 1999

Eligibility: Taxpayers under age 70 ? with compensation

Maximum Contribution: Lesser of $2,000 or “Includible Compensation” for single or married taxpayers filing separately and not covered by an employer-sponsored plan; married taxpayers filing jointly may contribute up to $2,000 each in most cases. See Income Limitations.

Income Limitations: Maximum IRA deduction is limited for single taxpayers with AGI of $30,000 or above; and $50,000 or above for married taxpayers filing jointly.

Last date for 1998 Contributions: Taxpayer’s filing due date plus extensions, if any.

Eligibility: Self-employed taxpayers, corporations, partnerships and exempt organizations.

Maximum Contribution: 15% of annual compensation of up to $160,000.