ira contribution

Forum|Forum|6 years ago
March 11, 2020
3 replies
31 views

Can I File my taxes before I actually put the money into my IRA.... I know it has to go in before April 15 2020 for 2019 taxes...

Best answer by DavidD66

Yes, you just have to make sure you make the contribution before the July 15 extended due date for 2019.

[Edited 03/26/20 to reflect IRS and state extended due dates]

macuser_22

Alumni - Champ

There is nothing that would stop you, but if it is a Traditional IRA and for any reason the contribution does not take place then you would have to amend.

**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.**

DavidD66Answer

Level 15

Yes, you just have to make sure you make the contribution before the July 15 extended due date for 2019.

[Edited 03/26/20 to reflect IRS and state extended due dates]

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macuser_22

Alumni - Champ

An extension extends the time to *file* to Oct 15, not to make a 2019 contribution,.

Per the IRS Pub 590A.

Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. For most people, this means that contributions for 2019 must be made by April 15, 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.**