Prior Year IRA Contributions – Tax Return Extension
I understand contributions for the prior year can be done up to a tax return extension for SEP IRA’s, but can traditional IRA contributions be made up to the October extension date?
I understand contributions for the prior year can be done up to a tax return extension for SEP IRA’s, but can traditional IRA contributions be made up to the October extension date?
Permalink Submitted by Alan - IRA critic on Mon, 2023-10-09 16:12
No, they must be made by the April due date. In some federal disaster impacted areas the due date has been extended to 10/16 and regular IRA contributions for the prior year can be made by 10/16 in those limited areas.