Roth contribution after filing tax return
Sir/Madam,
I have a client who would like to make a 2013 Roth IRA contribution before April 15th. She has already filed her 2013 tax return. She is well below the income limits so I see no problem here. I’m not aware of any IRS forms that she would need to be completed in light of this. Am I missing something?
Thank you,
Chris
Permalink Submitted by Alan - IRA critic on Wed, 2014-04-09 19:53
No. Roth contributions are not reported on her 2013 return…………….UNLESS her income for 2013 was low enough for the Savers credit (Form 8880). If so, then a credit on up to 2,000 of any retirement plan contribution can be taken on Form 8880.