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Is it too late to contribute to an ira for 2016? Instructions say by April 18th but does that mean by end of day April 18th or end of day April 17th?

 
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Accepted Solutions
PaulaM
Employee Tax Expert

Is it too late to contribute to an ira for 2016? Instructions say by April 18th but does that mean by end of day April 18th or end of day April 17th?

You can contribute by 4/18/17 for the contributions to be for 2016. Most banking and financial institutions close for business by 5pm, so you don't have until the end of the day. 

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3 Replies
PaulaM
Employee Tax Expert

Is it too late to contribute to an ira for 2016? Instructions say by April 18th but does that mean by end of day April 18th or end of day April 17th?

You can contribute by 4/18/17 for the contributions to be for 2016. Most banking and financial institutions close for business by 5pm, so you don't have until the end of the day. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Is it too late to contribute to an ira for 2016? Instructions say by April 18th but does that mean by end of day April 18th or end of day April 17th?

Great to know. Thanks so much for the clear + quick answer!
PaulaM
Employee Tax Expert

Is it too late to contribute to an ira for 2016? Instructions say by April 18th but does that mean by end of day April 18th or end of day April 17th?

You are welcome! 🙂
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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