topic Re: ira contribution in Retirement tax questions

ira contribution

Teresa16 — Wed, 11 Mar 2020 20:44:40 GMT

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...

Re: ira contribution

macuser_22 — Wed, 11 Mar 2020 20:58:20 GMT

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.

Re: ira contribution

DavidD66 — Thu, 26 Mar 2020 21:15:42 GMT

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]

Re: ira contribution

macuser_22 — Wed, 11 Mar 2020 21:41:28 GMT

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.