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New Member
posted Apr 14, 2023 5:47:14 PM

Is the postmark date conisdered deposit date for Traditional IRA contribution

What constitutes the Traditional IRA contribution date? A postmark for a personal check mailed before 4/18/23, or the date it is entered into the account before the deadline? v/r Thank you for the help.

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3 Replies
Level 15
Apr 14, 2023 6:20:22 PM

This is a question for your traditional IRA custodian.  They are the ones who determine whether or not they will accept the contribution as a contribution for the prior year.

Level 15
Apr 14, 2023 8:17:25 PM

typically your check must arrive on a business day before tax day.

preferably more than one business day.

postmark date does not count.

 

@caleb24me 

Level 15
Apr 14, 2023 8:19:55 PM

you should file form 4868 and wait.

 

if it goes to the wrong year, you would have to amend your filed 2022 tax return.

 

@caleb24me