Do i benefit from filing for extension in order to get more deductions by putting more money toward retirement contributions?

i'd like to reduce taxes owed by putting more towards 2018 retirement account.

posted

No, you will not benefit from doing this. You have up to April 15th, 2019 to make "2018 contributions" to your retirement account. Any contributions made after today will only count towards your 2019 tax return.

I retired this year and have 2 questions. Is the "senior exemption" of $6,000.00 in addition to my standard deduction?

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

Do i benefit from filing for extension in order to get more deductions by putting more money toward retirement contributions?

Do i benefit from filing for extension in order to get more deductions by putting more money toward retirement contributions?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Do i benefit from filing for extension in order to get more deductions by putting more money toward retirement contributions?

Do you have an Intuit account?

Do i benefit from filing for extension in order to get more deductions by putting more money toward retirement contributions?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert