2019 TIRA contribution deadline
Hello have a client who already filed his 2019 taxes having the usual 4/15 deadline in mind. Can he still make IRA contribution before 7/15?
Hello have a client who already filed his 2019 taxes having the usual 4/15 deadline in mind. Can he still make IRA contribution before 7/15?
Permalink Submitted by Alan - IRA critic on Fri, 2020-04-10 16:39
Yes, the tax due date is 7/15. Of course, if client did not plan on making a deductible TIRA contribution, his return will need to be amended. If it’s a Roth contribution, no amendment is needed, and if a non deductible TIRA contribution, he can wait until August and then send in a stand alone 8606 to report it.