1996496
You'll need to sign in or create an account to connect with an expert.
No, it is not too late to make an IRA Contribution for 2020. You have up to tax filing deadline of April 15 to do so.
Click this link for info on Tax Tips After January 2021.
Although it's not too late to make an IRA contribution for 2020, an IRA contribution won't do anything to reduce the early-distribution penalty on the IRA distributions that you received in 2020. A new IRA contribution is not a rollover.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
deedso57
New Member
1dragonlady1
Returning Member
renguomin
Returning Member
amf100
Level 1
jschoomer
Level 3