I’ve already filed my 2019 taxes. I found out the 2019 Roth IRA contribution deadline has been extended to July 2020. I want to contribute to 2019. Must I amend my taxes?

831

1 Best answer

Expert Alumni

Apr 1, 2020 2:52:08 PM

If you wish to contribute to a Roth IRA, you do not need to amend your tax return as contributions to a Roth IRA are not tax deductible.

You have to verify that your contribution is not limited by your MAGI so that you do not over-contribute.

Please see this IRS document for more information.

Expert Alumni

Apr 1, 2020 2:52:08 PM

If you wish to contribute to a Roth IRA, you do not need to amend your tax return as contributions to a Roth IRA are not tax deductible.

You have to verify that your contribution is not limited by your MAGI so that you do not over-contribute.

Please see this IRS document for more information.

Returning Member

Apr 2, 2020 9:06:35 AM

Thank you! This is very helpful!