You can contribute to a Roth IRA after filing your taxes without having to amend your return. During filing, you should have seen a question asking if you made or plan to contribute to a Roth IRA. This is because you can contribute to a Roth IRA up to the tax-filing deadline. For example, for the tax year 2022, you can make a 2022 Roth IRA contribution up to April 2023.
You don't have to amend because the issuer will submit form 5498 to the IRS to report contributions, including any catch-up contributions made to your account.
One reason to amend, however, is if you want to check if you qualify for the retirement saving contribution credit. This credit may or may not affect your return. To check to see if you will benefit from the retirement savings credit, you can follow these steps:
- Sign in to TurboTax
- On the home screen, scroll down to Your tax returns & documents and select the year you want to amend
- Select Amend (change) return, then Amend using TurboTax Online
- If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax CD/Download below instead
- On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue
- When you reach Here's the info for your amended federal return, select Start next to the info you need to change
- Continue through the screens, and make the changes you need to make
- Click on Deductions & Credits
- Retirement and Investments, select Retirement Savings contributions Credits
- Review the credit to see if you will benefit from amending the return
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