Roth deadline
My client wants to fund a Roth. She files her taxes on march 23rd. If she wants to make a 2020 Roth contribution, is the deadline March 23rd (the day she files her return) or April 15th?
In other words, is she files her return on March 23rd, and then a week later, says she wants to fund a Roth for 2020, would she need to refile 2020 even though in my example, it will before April 15th?
Permalink Submitted by David Mertz on Tue, 2021-03-16 15:36
The deadline is April 15 no matter when the tax return is filed. A filed tax return would then need to be amended only if the Roth IRA contribution was an excess contribution or if the contribution qualified the client for a Retirement Savings Contributions Credit and the client wanted to claim the credit.