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dec416
New Member

Can I add to my Roth IRA after I file my taxes or do I have to do the contribution before I file?

 
1 Reply
PaulaM
Employee Tax Expert

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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