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Can I open an Roth IRA today Feb 10 and fund it for last year.

 
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3 Replies

Can I open an Roth IRA today Feb 10 and fund it for last year.

Yes, you have until 4/15/2020 to fund a 2019 IRA.

MaryK4
Expert Alumni

Can I open an Roth IRA today Feb 10 and fund it for last year.

Yes, you can count any contributions you make up to the tax filing due date (April 15th) back to the last tax year.

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Can I open an Roth IRA today Feb 10 and fund it for last year.

Be SURE to instruct the IRA custodian that it is a 2019 contribution or they might apply it to 2020.

**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.**
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