Traditional IRA

sunset4357 · ‎May 14, 2021

Hi,

I have filed my tax and received my refund. I did not realize that I am able to contribute to Traditional IRA. My wages is $13,500. Can I re-file my taxes to reflect a maximum contribution of $6K? I am single and below 40 years old.

Thanks,

IRA filer

macuser_22 · ‎May 14, 2021

Probably not but maybe.

Any 2020 contribution must be accepted and posted by the financial institution by 6/17/2021. Many financial institutions will take 3 business days to post the contribution which would make it a 2021 contribution..

Ask your financial institution if you can still do that.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

macuser_22 · ‎May 14, 2021

Probably not but maybe.

Any 2020 contribution must be accepted and posted by the financial institution by 6/17/2021. Many financial institutions will take 3 business days to post the contribution which would make it a 2021 contribution..

Ask your financial institution if you can still do that.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**