Did you EARN at least $1,000 this year? YOu can’t contribute to an IRA unless you have earned income — not from savings or Social Security. If you did earn and DO have cash to contribute, go to your local bank and open an IRA CD for 2022. It will be a tax deduction. But in your low tax bracket it won’t cover the tax you owe. If you’re in the 20% tax bracket, its as if the government is paying $200 of the $1,000 you deposit. But you get a tax deduction for the entire amount.