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Can I add to my Roth IRA after I file my taxes or do I have to do the contribution before I file?
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June 4, 2019
10:12 PM
last updated
June 04, 2019
10:12 PM
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Can I add to my Roth IRA after I file my taxes or do I have to do the contribution before I file?
Yes, you can contribute to your 2016 Roth IRA from now until 4/18/2017. Be certain that your custodian makes the contribution for 2016 and not 2017.
Note: Because Roth IRA contributions are made with after-tax monies, they do not have to be entered in TurboTax at all. It is just a handy place to keep track of Roth basis for future distributions. There isn't a line entry for Roth contributions on your tax return like there is for a Traditional IRA, because there is no deduction for it.
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June 4, 2019
10:12 PM
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