IRA contribution was rejected due to late postmark but deduction was taken. Now what?

[mcdmarkets]

Return is processing with IRS. Maximum IRA deduction taken and check submitted to IRA account but postmark too late and check was returned. Now my deduction is partially ineligible and my return will most certainly be affected. Do I refile or how can I adjust return to accommodate for this error on my part?

[Anonymous · Accepted solution]

now you need to amend to remove it

next year consider making your IRA contribution about 1 week before due date. this way any hang ups in mail or delay in processing by financial institution will allow time so it's in  by the due date.     another choice could be electronic funds transfer to IRA custodian but you would have to check with them as to latest date to do it to get credit for the year specified.