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pnorm10
New Member

Do I have until 5/17/2021 to contribute to an IRA for tax year 2020?

 
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3 Replies

Do I have until 5/17/2021 to contribute to an IRA for tax year 2020?

Yes, assuming you otherwise qualify.

RayW7
Expert Alumni

Do I have until 5/17/2021 to contribute to an IRA for tax year 2020?

Because the federal tax filing deadline has been extended to May 17, 2021, the deadline for making a 2020 IRA contribution is now also extended to May 17, 2021. 

 

-follow this link for additional information-

What The Coronavirus Relief and New Tax Deadline Mean for ...

Do I have until 5/17/2021 to contribute to an IRA for tax year 2020?

Don't wait for the last day though.    Many financial institution  have rules that the posting date can be up to 3 business days after the contribution so if contributed on Fri, May 14, it might not get posted until Tue, May 18, making to a 2021 contribution.

 

Be sure to tell the financial institution which tax year it is for and get a receipt showing that year.

**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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