Was there a pandemic deadline extension for funding an IRA account for tax year 2022?

[mstar987]

I requested the funding of an IRA account for tax year 2022 on the last day that taxes were due.  But my stock brokerage said that I missed the deadline and applied the funding to next year (2023).  I am on California west coast time zone and my stock brokerage time stamped with their East coast time zone.  Then I read later that Californians have automatic extension to file tax returns due to the pandemic situation.  Should I challenge my stock brokerage on the funding deadline?  Or just have to un-do this IRA funding since I missed the tax filing deadline?

[Anonymous]

Hi,

Here is an article regarding this:

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-severe-winter-storms-flooding-a... 

The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Jan. 8, 2023, and before Oct. 16, 2023, are granted additional time to file through Oct. 16, 2023. As a result, affected individuals and businesses will have until Oct. 16 to file returns and pay any taxes that were originally due during this period. This includes 2022 individual income tax returns due on April 18, as well as various 2022 business returns normally due on March 15 and April 18. Among other things, this means that eligible taxpayers will have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts.

We are not financial advisors here at TurboTax, but you can provide this information to your brokerage firm and see what they can do to allow the contribution in 2022, and not 2023. Hope that helps.

Thank you.