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Question

If I deposit money to a IRA tomorrow can I still deduct it from my tax return this year?

1 reply
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TurboTax Live Self Employed

Alumni - Champ

Yes if deposited before midnight 4/15.

BUT ask your IRA custodian if THEY will still accept and post 2018 contributions. Many financial institutions have rules that they take 2-4 days to post a contribution and will not accept a 2018 contribution at this late date.

**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.**